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 (Baht) |
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.
