Krung Thai Bank Public Company Limited (SET: KTB) announced its consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q22 | 3Q21 |
| Net Profit (Loss) Million Baht |
8,449.82 | 5,054.98 |
| Earning Per Share (Baht) |
0.60 | 0.36 |
| % Change | 67.16 | |
| 9 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
25,588.55 | 16,644.45 |
| Earning Per Share (Baht) | 1.83 | 1.19 |
| % Change | 53.7 | |
For the 3Q22, KTB’s net profit was Baht 8,450 million, an increase of 67.2% YoY mainly due to an increase in total operating income of 11.5% YoY from the net interest income resulting from the quality loan growth especially in corporate and retail lending, the rising policy rate trend from two policy rate hikes in August and September, together with an increase in fee income net.
KTB has set aside the expected credit loss in amount of Baht 5,667 million, decreased by 30.4% YoY, a prudent business management consideration given the business environment and economic uncertainties coupling with its closely monitoring of loans portfolio and the ongoing asset quality management, the consolidated NPLs Ratio-Gross was at 3.32%, reduced from 3.50% as at December 31, 2021.
In 9M2022, KTB’s net profit was Baht 25,588 million, an increase of 53.7 % YoY due to an increase in total operating income of 5.7% YoY from the interest income from loan resulting from the quality loan growth especially in corporate and retail lending, the cost of fund management as well as a continuing comprehensive operating cost management, resulting in cost to income ratio of 43.06%, decreased from 44.28% in the same period of last year.
KTB had set aside a lower level of allowance for expected credit losses by30.8% YoY whilst maintaining the high level of coverage ratio.
