KBANK Records Net Profit of THB11 Billion in 2Q23, Boosts by Interest Income

Kasikornbank Public Company Limited (SET: KBANK) has announced its 2Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q23 2Q22
Net Profit (Loss)
Million Baht
10,994.27 10,793.75
Earning Per Share
4.6400 4.5600
% Change 1.86
6 Months 2023 2022
Net Profit (Loss)
Million Baht
21,735.33 22,004.71
Earning Per Share (Baht) 9.0200 9.1400
% Change -1.22

KBANK reported a net profit of Baht 10,994 million, increased 1.86% YoY. Net interest income for the quarter was Baht 36,700 million, increased 14.64% YoY.

Meanwhile, the bank recorded a share of loss from investment at the amount of Baht 182 million, compared to a profit of Baht 151 million in 2Q22.

Expected credit loss was relatively flat when compared to the previous quarter, but up nearly 30% from the same period of last year.