CIMBT sets sights on guiding Bt30 bn debentures
CIMB Thai Bank (CIMBT) is stepping up its push into financial advisory services and expects its corporate clients to issue debentures of up to Bt30 billion this year. The bank is also targeting bank assurance business and aims to |generate first-year premium growth of 15 per cent to Bt1.4 billion this year. Last year its bank assurance business amounted to Bt1.2 billion, which represented a 15 per cent increase from 2015, said CIMBT’s senior executive vice president in charge of consumer sales and distribution, Adisorn Sermchaiwong. In the first quarter of this year, the bank advised on the issuance of debentures worth Bt10 billion, and it expects the remaining Bt20 billion of its target will be issued before the end of this year, Adisorn said.
