Krung Thai Bank Public Company Limited (SET: KTB) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23 | 3Q22 |
| Net Profit (Loss) Million Baht |
10,282.17 | 8,449.82 |
| Earning Per Share (Baht) |
0.7400 | 0.6000 |
| % Change | 21.69 | |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
30,504.96 | 25,588.55 |
| Earning Per Share (Baht) | 2.18 | 1.83 |
| % Change | 19.21 | |
KTB reported a net profit of Baht 10,282 million in the third quarter, increased 21.69% from a net profit of Baht 8,449 million in 3Q22.
In 3Q2023, consolidated net interest income amounted of Baht 29,667 million, increased 29.6% YoY, mainly from loan growth in its strategically focused segments both retail and corporate loans in addition to a government loan growth as portfolio expansion in accordance with justified risk adjusted return segment during economic uncertainties coupled with the special interest income from corporate client. As a result, NIM increased to 3.38% from 2.61% in 3Q2022.
KTB set aside an increase of 44.0% of the expected credit loss given the economic uncertainties to maintain a high level of coverage ratio at 180.4% amid NPLs Ratio reduction to 3.10%, from end of 2022 with our prudent asset quality management.
