Krung Thai Bank Pcl (SET: KTB) on Friday announced its earnings report for the fourth quarter ended 2021.
| 2021 | 2020 | |
| Net Profit (Loss) – (Million Baht) | 21,588 | 16,732 |
| Earnings Per Share (Baht) | 1.54 | 1.20 |
| % Change | 29.0% | |
The Bank and its subsidiaries’ net profit attributable to equity holders of the Bank amounted Baht 21,588 million, increased by 29.0% YoY, driven by strong loan growth of 12.6% Ytd.
NPLs Ratio-Gross decreased to 3.50 % from 3.81% as at December 31, 2020. The expected credit losses has been set aside at the high level of Baht 32,524 million, however, decreased by 27.6% YoY.
The bank’s consolidated net interest income in 4Q2021 amounted Baht 21,345 million, increased by 5.0 % YoY as a result from the strong loan growth and better cost of fund management. NIM resulted at 2.47 %, down from 2.59% in 4Q2020, as a result of the focusing quality loan growth.
Consolidated net fee and service income in 2021 was Baht 20,022 million, compressed by 2.5 % YoY, mainly relate to the slowdown of economic situation and customers’ shift in service channel toward digital transactions, whilst expansion on acceptance, aval and guarantees fee and management fee.
