CIMB sees bad loans peaking in Indonesia and Thailand

KUALA LUMPUR: CIMB Group Holdings Bhd, Malaysia’s second largest lender by assets, said an improvement in its non-performing loans in Indonesia and Thailand made it “optimistic” about next year’s prospects.

The bank has seen the peak in provisions against problem loans at its Indonesian unit while the loan book in Thailand is already improving, CIMB chief executive officer Tengku Zafrul Abdul Aziz said.