TTB Approves a Dividend Payment of THB0.02; XD Date on Sep 5

TMBThanachart Bank Public Company Limited (SET: TTB) announced on Tuesday that its Board of Directors has approved an interim dividend payment from the first half of 2022 operational results (Jan 1 – June 30) at the rate of THB0.02 per share.

The Ex-dividend date (XD) is set for 5 September 2022. The payment of the interim dividend will be made on 22 September 2022.

In 2Q22, TTB reported THB3,438 million of net profit, which increased by 7.6% QoQ and 35.7% YoY and represented the ROE of 6.5%, showing that financial performance has maintained its positive momentum, supported by recovering revenues, manageable asset quality under the Bank’s prudent risk management, and cost discipline.

For Net interest income (NII) and Net interest margin (NIM), TTB recorded THB12,414 million of net interest income (NII) in 2Q22, with NIM at 2.83%, which contracted by 8 bps from 2.91% in 1Q22 and 15 bps from 2.98% in 2Q21.