KTB Records Earnings over THB10 Billion in 2Q as Interest Income Surges 27%

Krung Thai Bank Public Company Limited (SET: KTB) announced its 2Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q23 2Q22
Net Profit (Loss)
Million Baht
10,156.20 8,358.39
Earning Per Share
0.7300 0.6000
% Change 21.51
6 Months 2023 2022
Net Profit (Loss)
Million Baht
20,222.79 17,138.74
Earning Per Share (Baht) 1.45 1.23
% Change 17.99

KTB reported a net profit of Baht 10,156 million, increased 21.51% YoY. 

Net interest income was Baht 27,771 million, an increased of 27.3% YOY, mainly from loan growth in its strategically docused segments, led to an increase in overall return in addition to interest rate hikes. NIM registered at 3.20%, increased from 2.51% in 2Q22.

KTB set aside an increase of 36.8% in expected credit loss to maintain a high level of coverage ratio at 177.4% given the economic uncertainties amid NPLs ratio reduction to 3.11% from the end of 2022 due to its asset quality management.