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CIMB sells CIMB Thai auto financing portfolio to Krungsri

PUBT·05/05/2026 10:52:27
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CIMB sells CIMB Thai auto financing portfolio to Krungsri
  • CIMB Group agreed to sell CIMB Thai’s automotive financing portfolio to Bank of Ayudhya and its subsidiary Krungsri at a modest premium to adjusted net book value.
  • Deal aligns with Forward30 strategy to exit non-core businesses, freeing capital for higher-return growth across its ASEAN franchise.
  • Transaction is positioned as a milestone in CIMB Thai’s transformation, shifting focus toward higher-return segments such as wealth management and regional wholesale banking.
  • Group expects CIMB Thai return on equity to move toward double-digit levels over the medium term, with 2026 financial targets already reflecting the sale and related one-off cost.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CIMB Group Holdings Bhd published the original content used to generate this news brief on May 05, 2026, and is solely responsible for the information contained therein.