CIMB Thai sees Q1 8pc loan growth    
Industry News

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

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