Post by account_disabled on Dec 28, 2023 10:20:16 GMT
Mr. Adisorn Sermchaiwong, President and Chief Executive Officer of CIMB Thai Bank, revealed that it is the result of our commitment to creating products and delivering the best financial services to customers over the years. This is reflected in the 2019 annual operating results, where the bank had a net profit of 1,501.6 million baht, an increase of 1,494.7 million baht or 216 times, which is considered the highest in 10 years, while profit before taxes grew from 271 million baht to 1,943 million. baht, or grew 617%. Operating income increased from 12,896 million baht to 14,032 million baht, or grew 8.8%.
Return on equity increased by 0.02% to 4%. The B2B Email List main factor is improving the process of increasing asset quality, resulting in the burden of setting aside doubtful debts in 2019 decreasing 48.7% from 4,919 million baht to 2,522 million baht. Net interest income increased by 160.6 million baht from Expansion of credit and increase in interest income from hire purchase business and interest income from investments. And net fee and service income increased by 362.3 million baht from an increase in fees from selling insurance products and fees from being a debt instrument distributor. Net loans amounted to 242 billion baht, an increase of 6.3%. This amount came from retail loans, which grew 12.3%.
Deposits (including bills of exchange, debentures and certain financial products) amounted to 242 billion baht, an increase of 3.1%. of total income The proportion comes from small businesses 66%, large businesses 13%, money management businesses 7%, SMEs 8%, private banking customers (PRIVATE BANKING) 1%, and other income 5%. “CIMB Thai Bank has passed the foundation. Restructure Improve work processes and has undergone many adjustments to keep up with the business environment. Including the latest FAST FORWARD project with laying out the infrastructure and working fully on DIGITAL.
Return on equity increased by 0.02% to 4%. The B2B Email List main factor is improving the process of increasing asset quality, resulting in the burden of setting aside doubtful debts in 2019 decreasing 48.7% from 4,919 million baht to 2,522 million baht. Net interest income increased by 160.6 million baht from Expansion of credit and increase in interest income from hire purchase business and interest income from investments. And net fee and service income increased by 362.3 million baht from an increase in fees from selling insurance products and fees from being a debt instrument distributor. Net loans amounted to 242 billion baht, an increase of 6.3%. This amount came from retail loans, which grew 12.3%.
Deposits (including bills of exchange, debentures and certain financial products) amounted to 242 billion baht, an increase of 3.1%. of total income The proportion comes from small businesses 66%, large businesses 13%, money management businesses 7%, SMEs 8%, private banking customers (PRIVATE BANKING) 1%, and other income 5%. “CIMB Thai Bank has passed the foundation. Restructure Improve work processes and has undergone many adjustments to keep up with the business environment. Including the latest FAST FORWARD project with laying out the infrastructure and working fully on DIGITAL.