($1=33.19 Baht) (Additional reporting by Khettiya Jittapong in Bangkok and Julie Goh in Kuala Lumpur. The bank reported net earnings of 461 million baht ($13.84 million) in the July-September quarter, reducing its net loss to 40.6 million baht in the first nine months. “It makes sense for CIMB’s strategy as it wants to be one of the biggest banks in Thailand and the listing would help its profile here,” said a dealer at a foreign brokerage house who declined to be identified.ĬIMB bought a stake in BankThai from a Thai central bank unit in 2008 and completed its acquisition early this year.ĬIMB Thai unit has said it expected to return to the black this year for the first time in four years thanks to higher net interest margins and lower provisions. We also sit down with Touch n Go to listen to. Some analysts said CIMB Thai would benefit from the listing plan by gaining fee income from handling the public offering. Todays live show features CIMB Niaga and CIMB Thai and how they have helped their customers during Covid-19. Get your fast cash with up to RM2,000 Cashback Fixed interest rate from as low as 5.88 per annum which is equivalent to Effective Interest Rate of 10.65 per.
The CIMB’s listing plan came after Malaysia’s biggest mobile phone operator Maxis Bhd announced plans to raise $3.3 billion in Southeast Asia’s biggest ever initial public offering, as firms rush to take advantage of recovering markets. Glassdoor provides our best prediction for total pay in todays job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing.
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