BANGKOK, May 8 ― CIMB Thai Bank, a unit of Malaysia’s CIMB Group Holdings Bhd, has cut its 2014 loan growth target to 10-15 per cent from 15-20 per cent due to Thailand’s weak economic outlook and the impact from political unrest.
The bank’s loans grew only one to two per cent in the first quarter, with growth expected to accelerate in the second half, driven by demand from large corporate clients, Chief Executive Subhak Siwaraksa told reporters today. ― Reuters
