BANGKOK, 21 Jul- SCB X Public Company Limited (SCB) revealed a net profit in the second quarter of 2023 of 11,868 million baht, an increase of 18.1%. For the first half of 2023, the company reported a net profit of 22,864 million baht, an increase of 13.8%.
Mr. Arthit Nanthawittaya, Chief Executive Officer of SCB, said that the overall performance in the second quarter of 2023 was strong, with ROE or net profit to equity ratio. increased to 10% for the first time since the COVID-19 crisis. and continually focus on increasing shareholder value
The 2Q23 net profit was largely driven by the expansion of the strong revenue base and effective cost management. under strict risk management Net interest income amounted to 30,791 million baht, increasing from the growth of quality loans. as well as the expansion of the consumer credit business Fees and other income amounted to 11,119 million baht, an increase of 0.8%, reflecting the recovery in fees from financial and credit transactions.
The company set a proactive reserve of 12,098 million baht, an increase of 18.0% from the same period last year. To support the operations of businesses in the group of commercial banks and unsecured consumer loans. Under the situation that the domestic economic recovery remains fragile. are sensitive to multiple risk factors both internal and external factors. 170.6%.-Thai News Agency
Source: Thai News Agency