KBANK Reports 21% Increase in 2Q Earnings as Interest Income Grows while ECL Drops

Kasikornbank Public Company Limited (SET: KBANK) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q22 2Q21
Net Profit (Loss)
Million Baht
10,793.75 8,894.08
Earning Per Share
4.5600 3.7500
% Change 21.36
6 Months 2022 2021
Net Profit (Loss)
Million Baht
22,004.71 19,520.94
Earning Per Share (Baht) 9.1400 8.1000
% Change 12.72

KBANK reported a net profit of 10,793 million baht in 2Q22, increased 21.36% from a net profit of 8,894 million baht.

Net interest income rose 7.72% in the second quarter to 32,012 million baht from 29,717 million baht in the same period last year. Meanwhile, non-interest income dropped by 14.71% YoY to 9,499 million baht.

Expected credit loss for the quarter dropped to 9,852 million baht, compared to 10,807 million baht in 2Q21.

Loans to customers in the quarter grew slightly by 1.27% QoQ and 2.79% YoY to 2.48 trillion baht.

As of 30 June 2022, NPL gross to total loans stood at 3.80% while coverage ratio stood at 144%.