Smaller SMEs with a credit line of 300,000 to
Small businesses contribute an 8-10% margin to the bank, higher than that of medium-sized firms.
The loan quality of such companies is typically the best, Mr Jiratchyuth said, as nearly all are self-employed individuals or mom-and-pop shops that are quite conservative in running their business.
CIMBT, 93.15% owned by
The SME loan portfolio stands at
The bank restructured its SME loan business, renaming it the commercial banking group in March.
CIMBT set an ambitious growth target for SME loans of
While SME loan demand faltered in the first half of this year on account of the lacklustre economy, CIMBT still considers the full-year target reachable as the economic rebound gains traction.
During the first five months, the bank's total SME loans rose marginally to
SMEs were hurt by the months-long political impasse, and helping them is one of the military regime's priorities.
"Despite minimal loan growth in the first five months, CIMBT beat its revenue target by recording
Improving demand for SME loans is likely to persist through the second half in light of stronger economic momentum and investor confidence.
CIMBT shares closed yesterday on the Stock Exchange of
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