CIMB Thai Bank (BKK:CIMBT) Credit Losses Provision : ฿2,251 Mil (As of Mar. 2024)

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What is CIMB Thai Bank Credit Losses Provision?

CIMB Thai Bank's credit losses provision for the three months ended in Mar. 2024 was ฿239 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was ฿2,251 Mil.

CIMB Thai Bank's quarterly credit losses provision increased from Sep. 2023 (฿502 Mil) to Dec. 2023 (฿962 Mil) but then declined from Dec. 2023 (฿962 Mil) to Mar. 2024 (฿239 Mil).

CIMB Thai Bank's annual credit losses provision declined from Dec. 2021 (฿2,073 Mil) to Dec. 2022 (฿1,036 Mil) but then increased from Dec. 2022 (฿1,036 Mil) to Dec. 2023 (฿1,996 Mil).

CIMB Thai Bank Credit Losses Provision Historical Data

The historical data trend for CIMB Thai Bank's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CIMB Thai Bank Credit Losses Provision Chart

CIMB Thai Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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2,793.00

3,235.27

2,073.00

1,036.00

1,996.00

CIMB Thai Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															541.00	547.16	502.48	962.00	239.00

CIMB Thai Bank Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿2,251 Mil.

CIMB Thai Bank (BKK:CIMBT) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CIMB Thai Bank PLC (BKK:CIMBT) » Definitions » Credit Losses Provision

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Address

44 Langsuan Road, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.cimbthai.com

CIMB Thai Bank PLC is a financial service provider in Thailand. It provides consumer banking, commercial banking, investment banking, Islamic banking, asset management and insurance products and services. The bank has a presence in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, and Laos. It operates through CIMB Bank, CIMB Investment Bank, and CIMB Islamic. Its segments are Consumer Banking, Wholesale Banking, and Others, out of which it earns its maximum revenue from consumer banking.

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