Kasikornbank Public Company Limited (SET: KBANK) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23 | 3Q22 |
| Net Profit (Loss) Million Baht |
11,281.86 | 10,573.99 |
| Earning Per Share (Baht) |
4.6000 | 4.2900 |
| % Change | 6.69 | |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
33,017.19 | 32,578.69 |
| Earning Per Share (Baht) | 13.6200 | 13.4300 |
| % Change | 1.35 | |
KBANK reported a net profit of Baht 11,281 million in 3Q23, increased 6.69% from a net profit of Baht 10,573 million in 3Q22. The increase was mainly due to its net interest income that rose 15% from last year to Baht 38,019 million, but was offset by higher expected credit loss that rose to Baht 12,793 million or by 28.5%.
NPL gross to total loans was 3.11% and coverage ratio increased to 154.90%. In addition, as of 30 September 2023, KASIKORNBANK FINANCIAL CONGLOMERATE’s Capital Adequacy Ratio (CAR) according to the Basel III Accord remained strong at 19.62%, with a Tier 1 Capital ratio of 17.65%.
