CIMB Thai sees positive economic factors for Thailand this year, unveils new vision as customer-focused bank

CIMB Thai remains optimistic about Thailand's economy, announcing a new strategic direction that leverages its ASEAN network strength and risk management stability amid global economic volatility. The bank aims to triple its wealth business within five years.

On May 19, 2025, Vuthachai Thanittiraphon, CEO and President of CIMB Thai, stated that Thailand's economy still has significant positive factors from continued tourism recovery and the ongoing shift of manufacturing from China to Southeast Asia. The Office of the National Economic and Social Development Council forecasts Thai economic growth at 1.5-2.5% this year.

However, businesses and investors still face negative factors and challenges, particularly from economic policies under the Trump administration, international political uncertainty, and ongoing geopolitical conflicts.

The bank announced a new vision to become a specialist in wealth management by leveraging its strategic advantage as part of the ASEAN regional financial institution group. It aims to become the bank that best understands its customers' needs, targeting threefold growth within five years.

CIMB Thai currently manages approximately 290 billion baht in assets, with forecasts to exceed 300 billion baht by year-end and targeting 750 billion baht by 2030.

The bank launched its Wealth Ecosystem built on three pillars:

1. CIMB Safer Pocket: Safe wealth management designing investment portfolios for clients seeking survival, stability, and growth across all market conditions through CIMB Donut, a clear portfolio management tool that clients can apply consistently.

2. CIMB Preferred: Exclusive privileges offering members ASEAN-level CIMB Preferred benefits across all network countries, providing access to high-investment opportunities like Singapore with lower minimum investment requirements for CIMB Thai depositors.

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