Source : btimes.com.my
BANGKOK: CIMB Thai Bank Pcl said on Tuesday it expected first-quarter loan growth of 8 per cent, compared with its full-year target of 25-30 per cent.
Loan growth in the January-March period was mainly due to demand from the housing sector and small to medium-sized businesses, president Subhak Siwaraksa told reporters.
The Thai unit of Malaysia’s CIMB Group Holding Bhd is due to report first-quarter earnings later this month.
Subhak said the bank had no plans to raise capital in the next three years because it had sufficient funds to run its business.-- Reuters