Kasikornbank Public Company Limited (SET: KBANK) has announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
|Net Profit (Loss)
|Earning Per Share
KBANK reported a net profit at 11,210 million baht in 1Q22, increased 5.50% from a net profit of 10,626 million baht in 1Q21. The increase was mainly due to an increase of net interest income by 3,618 million baht or 12.86% from interest income from loans to customers according to loans growth, mainly due to new lending in line with the bank’s business direction to customers with potential and the bank’s relief measures to inject liquidity for customers so that they could resume normal business operations.
Non-interest income decreased by 3,032 million baht or 25.49%, mainly due to the mark to market of financial assets according to market conditions. Other operating expenses increased by 859 million baht or 5.20%, mainly due to IT related expenses in order to support customers’ needs more efficiently and marketing expenses.
Moreover, KBANK set aside higher expected credit loss from the same period of 2021 by 686 million baht or 7.93% according to loans growth, economic that remains uncertain from Covic-19 situation and global economic outlook.
Additionally, NPL gross to total loans stood at 3.78%, while at the end of 2021 this stood at 3.76%.