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Important Notice:

Clarification of CIMB Thai Bank Plc.’s debtor management policies and procedures

Subject:  Clarification of CIMB Thai Bank Plc.’s debtor management policies and procedures

 

To        :   Shareholders and Customers of CIMB Thai Bank Plc.

 

CIMB Thai Bank Plc. (“Bank”) would like to take this opportunity to provide clarification to all shareholders and customers about our debtor management policies and procedures.  As a financial institution, the Bank is obliged to manage its businesses and conduct its activities within the law and relevant regulations and under the supervision of the Bank of Thailand and the Stock Exchange of Thailand, with adherence to high standards acceptable regionally and internationally.

 

Please be assured that all policies and procedures, including the Bank’s credit underwriting and debtor management, are subject to a comprehensive review and screening by relevant committees who control, oversee and examine facts in ensuring that the debtor management is aligned with the Bank’s policies and regulations of relevant bodies with utmost transparency and due process.  

 

The Bank’s Board of Directors and management are highly committed to operating its businesses in all segments with on fair basis in accordance with the corporate governance principle. No person can solely exercise power over debtor management on behalf of the Bank with no prior review by respective committee.

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