TMBThanachart Bank Public Company Limited (SET: TTB) has announced its annual financial statement of 2022 through the Stock Exchange of Thailand as follows;
|Net Profit (Loss)
|Earning Per Share
TTB reported a net profit of THB14,195 million in 2022, increased 35.53% from a net profit of THB10,474 million in 2021.
For the 12-month of 2022, net interest income increased 1.2% YoY to THB51,617 million. The rise was primarily due to the recovering yield on earning assets following a rising rate environment amidst conservative loan growth.
Meanwhile, non-interest income declined by 2.1% YoY to THB14,236 million, due mainly to a decrease in net fees and service income and gains on investment.
Non-interest expenses declined by 4.1% YoY to THB29,952 million. Employee expenses contracted by 2.9% YoY to THB16,006 million because of lower employee expense from voluntary ER program in 1Q21. Premises and equipment expenses decreased by 13.5% YoY to THB4,864 million, mainly resulting from lower depreciation and utilities expenses.
In the fourth quarter, TTB set aside an expected credit loss of THB4,802 million, equivalent to a credit cost of 138 bps, which increased by 10.1% QoQ but declined by 4.3% YoY. For the 12-month of 2022, ECL amounted to THB18,353 million, a decrease of 14.7% YoY.