TMB/CIMB shows profits, but with narrower NIM

 While TMB showed the consolidated net profit of Bt750 million, an increase of 3.2 per cent on year, CIMB posted a  78 per cent increase in quarterly earnings to Bt319.7 million.
 Boontuck Wungcharoen, president and CEO of TMB, said in a statement that net interest margin slightly increased to 2.49 percentage points from 2.45 percentage points in the second quarter and 2.03 per cent over the same period last year. Its non-interest income also increased 38.3 per cent on year.
 At CIMB, growth rates were observed in both net interest income and fee and service income.
 Subhak Siwaraksa, president and CEO of CIMB (Thai) Bank, said that the net interest income in the first nine months was Bt322.8 million, up 10.1 per cent on year, while net fee and service income went up by 16.6 per cent to Bt97.9 million due partly bancassurance business. The bank also witnessed a decrease in net interest margin, to 3.63 percentage points in the first nine months of this year from 3.85 percentage points last year, which indicated higher competition for loans and deposits.
 CIMB's non-performing loans (NPL) however increased to 3.3 per cent of outstanding loan at the end of September, from 2.7 per cent at the end of last year.