Bangkok – TTB-Bangkok-Krungthai-Krungsri Announcement of operating results for the 3rd quarter of 2023 Operations continue to recover Credit continues to grow
•TMB Thanachart Net profit for 3Q23 was 4,735 million baht.
Thanachart Military Bank Public Company Limited or TMB Thanachart (TTB) announces operating results for the third quarter of 2023 with a net profit of 4,735 million baht, an increase of 27% from the same quarter of the previous year, a total of 9 months of the year. 2023 had a net profit of 13,596 million baht, an increase of 31% from last year. At the end of the third quarter of 2023, loans were at 1,363 billion baht, stable from the previous quarter. Deposits stood at 1,329 billion baht, slowing down 4.7% from the previous quarter. Total operating income was 18,000 million baht, an increase of 10.1% from the 3rd quarter of 2022. For a total of 9 months, total operating income was 52,630 million baht, an increase of 9.6% from the same period last year. The bank set aside a reserve. Etc. amounted to 4,354 million baht, relatively stable or slightly decreased at 0.2% from the same quarter last year. For a total of 9 months, total reserves were set at 12,874 million baht, a decrease of 5.0% from the previous year. This is a result of the asset quality situation that can be managed according to the target. This is reflected in the low non-performing loan ratio at 2.67%, a risk buffer. or reserve ratio etc. to non-performing loans remained at a high level at 144%
CAR and Tier 1 ratios (preliminary) remain stable at high levels of 20% and 16%, which are among the highest in the industry. and higher than the minimum criteria for banks in the D-SIBs group set by the Bank of Thailand at 12.0% and 9.5%, respectively.
•Bangkok Bank net profit for 9 months of 2023 amounted to 32,773 million baht.
Bangkok Bank and its subsidiaries reported net profit for the nine months of 2023 of 32,773 million baht, an increase of 50.8 percent from the same period last year. Most of this came from net interest income, which increased by 33.3 percent, in line with the direction of interest rates. The rate of return on income-producing assets increased. Net of the gradual increase in the cost of deposits and the adjustment of the rate of contributions to the Fund for Rehabilitation and Development of the Financial Institutions System to the original level from the beginning of 2023, resulting in the net interest rate difference being at 2.96 percent, while Net fee and service income was at a level similar to the same period last year. As for operating expenses, they increased 16.4 percent due to economic activity and partly from expenses for development and improvement of operational efficiency. The ratio of expenses to operating income decreased to 46.4 percent as a result of the bank’s continued careful preparation of reserves. Therefore, reserves in the third quarter of 2023 were at a level similar to the previous quarter. The reserve for credit losses expected to occur in the 9 months of 2023 is 26,323 million baht.
At the end of September 2023, the Bank had loans in the amount of 2,723,751 million baht, an increase of 1.5 percent from the end of the previous year. There were deposits in the amount of 3,163,297 million baht, a decrease of 1.5 percent from the end of the previous year. and had a loan to deposit ratio of 86.1 percent, while the total capital adequacy ratio The Tier 1 capital adequacy ratio and the equity tier 1 capital adequacy ratio of the Bank and its subsidiaries were 19.6 percent, 16.2 percent, and 15.4 percent, respectively, which were at a higher level than the capital adequacy ratio. Minimum as specified by the Bank of Thailand (BoT)
•Krung Thai Bank net profit for the 3rd quarter of 2023 was 10,282 million baht, an increase of 22%.
Krung Thai Bank Reveals strong operating results Net profit for the third quarter of 2023 was 10,282 million baht, an increase of 22%, and in the 9-month period there was a net profit of 30,505 million baht, an increase of 19% from the same period last year. As a result of operating income expanding strongly Effective cost management and asset quality management By giving importance to conducting business with caution. Committed to driving the organization with technology and innovation
Performance in the third quarter of 2023 compared to the third quarter of 2022, the Bank and its subsidiaries had net profit attributable to the Bank of 10,282 million baht, an increase of 22 percent, with operating profit increasing by 28.2 percent from Operate according to strategy to create sustainable value Total income from operations expanded strongly and continuously by 23.1 percent, both from growth in the loan group that is in line with the bank’s strategy. both retail loans and Large business loans. In addition, government loans grew 5.5 percent from the end of last year. In the third quarter alone, they grew 7.7 percent from the previous quarter. Helps maintain a balance between risk and return (Risk and Return), supporting loan portfolios to become stronger. In line with the uncertain economic situation. As a result, total loans grew 1.4% from the end of last year. In addition, there is special interest income from large customers. Including the expansion of non-interest income.
For the 9 months of 2023 compared to the same period last year. The Bank and its subsidiaries had a net profit attributable to the Bank of 30,505 million baht, an increase of 19.2 percent. As of 30 September 2023, the Bank (bank only budget) had Tier 1 capital of 17.28 percent and total capital of 20.47 percent of Risk Weighted Assets which is at a strong level when compared to the BoT’s criteria and has sufficient liquidity by maintaining the Liquidity Coverage ratio (LCR) continuously. Higher than the criteria set by the BoT.
•Krungsri net profit for the first 9 months of 2023 amounted to 25.2 billion baht.
Bank of Ayudhya Public Company Limited and its subsidiaries) reported operating results for the first nine months of 2023 with a net profit of 25.2 billion baht, growing 8% from the same period last year. The main factor is the continuous increase in operating income. Both in terms of net interest income and non-interest income. This is a result of the growth of domestic loans and the consolidation of overseas consumer loan portfolios. This is in line with an increase in total loans of 3.5% and net interest margin (NIM) accelerating to 3.70% in the first nine months of 2023, despite higher operating expenses. according to increased economic activity Including the burden of setting aside reserves for overseas businesses according to strict and careful risk management policies. It maintains its loan growth target for 2023 at 3-5%.
As of 30 September 2023, Krungsri had total loans of 2.02 trillion baht, deposits of 1.77 trillion baht, and total assets of 2.76 trillion baht, while the bank’s capital was at a strong level at 309.12 billion baht, or equivalent to 18.38. % of risk assets It is tier 1 capital that is owned by the owner. 13.66%
Source: Thai News Agency