Post by account_disabled on Dec 28, 2023 10:19:14 GMT
Krung Thai Bank's operating results for the 4th quarter had a net profit attributable to the bank of 7,459 million baht, an increase of 21.1% from the same period last year. For 2019, there was a net profit attributable to the bank of 29,284 million baht, an increase of 2.8% from same period last year This was due to loan expansion of 3.2% from year-end, which resulted in higher net interest income despite the impact of interest rate cuts. In addition, net non-interest income increased from net profits from investments. And there is also the expense of setting up a reserve for bad debts.
Reduced doubtful debts due to B2B Email List consideration of the direction of non-performing loans that have improved in a better way. and the level of adequacy according to Financial Reporting Standards No. 9 (IFRS9), with Coverage Ratio of the consolidated financial statements equal to 131.76%, increased from the previous year, and NPLs Ratio-Gross at 4.33%, improved from the end of 2018. Mr. Phayong Sriwanich, President Krung Thai Bank Revealing operating results for the 4th quarter of 2019, the bank and its subsidiaries had net profits. Attributable to the bank, the amount was 7,459 million baht, an increase of 21.1% due to an increase in non-interest income, mainly due to profits from investments. together with bad debt expenses Reduced doubtful debts.
In 2019, the bank was affected by two policy interest rate cuts, including a reduction in loan interest rates. both MRR, MOR and MLR in the past, although the bank has continuously improved financial cost management. But it also resulted in a decrease in NIM to 2.91% from 3.23% from the same quarter last year. Additionally, there were special expenses from the reserve for impairment of properties foreclosed. If excluding such special expenses items Net profit attributable to the bank increased 50.1% from the same period last year.
Reduced doubtful debts due to B2B Email List consideration of the direction of non-performing loans that have improved in a better way. and the level of adequacy according to Financial Reporting Standards No. 9 (IFRS9), with Coverage Ratio of the consolidated financial statements equal to 131.76%, increased from the previous year, and NPLs Ratio-Gross at 4.33%, improved from the end of 2018. Mr. Phayong Sriwanich, President Krung Thai Bank Revealing operating results for the 4th quarter of 2019, the bank and its subsidiaries had net profits. Attributable to the bank, the amount was 7,459 million baht, an increase of 21.1% due to an increase in non-interest income, mainly due to profits from investments. together with bad debt expenses Reduced doubtful debts.
In 2019, the bank was affected by two policy interest rate cuts, including a reduction in loan interest rates. both MRR, MOR and MLR in the past, although the bank has continuously improved financial cost management. But it also resulted in a decrease in NIM to 2.91% from 3.23% from the same quarter last year. Additionally, there were special expenses from the reserve for impairment of properties foreclosed. If excluding such special expenses items Net profit attributable to the bank increased 50.1% from the same period last year.
