Mr. Kittiphun Anutarasoti, President and Chief Executive Officer and the executives of CIMB Thai Bank PCL announced that CIMB Thai will propose that the shareholders consider and approve the allocation of 5,505,495,928 newly issued shares at the par value of THB 0.50 per share to the existing shareholders proportionate to their shareholding (Rights Offering) at a ratio of 2 Rights Shares for every 9 existing CIMB Thai shares, at the offer price of THB1.00 per share. The Bank has outlined its strategic priorities this year anchored on 5C – Customer, Culture, Compliance, Cost and Capital; and targets a modest loan growth of 5-10% amidst a recovering economy and the bank is confident of returning the bank to profitability in 2017.