Mitihoon – Mr. Wut Thanittiraporn, President and Chief Executive Officer, CIMB Thai Bank PCL announced an unaudited consolidated net profit of THB 2,257.3 million for the year ended 31 Dec 2025, a 20.9% decline YoY. Profit before tax fell 20.5% to THB 2,830.4 million, mainly due to an 8.8% drop in operating income and a 34.3% increase in expected credit loss, partially offset by a 17.2% reduction in operating expenses.
On a YoY basis, CIMB Thai Group’s consolidated operating income of THB 13,771.5 million decreased by THB 1,331.0 million YoY, from lower net interest income, which contracted 12.4% YoY or THB 1,178.0 million due to lower loan balances and margin contraction during the year. Net fee and service income decreased by 7.4% or THB 106.2 million, primarily due to lower insurance brokerage income. Other operating income marginally declined by 1.1%, or THB 46.8 million reflecting lower gains on financial instruments measured at fair value through profit or loss, bad debt recoveries and gains on sale of non-performing loans, partly offset by higher investment gains. Operating expenses eased by 17.2% YoY or THB 1,522.6 million, due to lower impairment losses on properties for sale and personnel costs, and a decline in specific business tax, resulting to a lower interest income. This consequently improved the cost to income ratio to 53.3% in 2025, from 58.7% in 2024 Net interest margin (NIM) over earning assets stood at 1.9% in 2025, compared to 2.2% in 2024 as a result of lower yield on earning assets. As at 31 December 2025, total gross loans (inclusive of loans guaranteed by other banks and loans to financial institutions) stood at THB 232.8 billion, down 7.6% YoY while deposits (inclusive of bills of exchange, debentures and selected structured deposit products) decreased to 6.9% to THB 301.5 billion. The modified loan to deposit ratio 77.2%.
Gross NPL declined to THB 5.2 billion, improving the NPL ratio to 2.2%, from 2.6% as at 31 December 2024, supported by NPL sales and stronger asset quality management and loan collection processes.
Loan loss coverage ratio as at 31 December 2025 stood at 171.5% from 149.0% at the end of December 2024. Total allowance for expected credit losses stood at THB 8.8 billion, THB 1.5 billion over the Bank of Thailand’s reserve requirements. Total consolidated capital funds as at 31 December 2025 stood at THB 60.8 billion. The BIS ratio stood at 21.3%, of which 16.8% comprised Tier-1-capital.
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