| KTB reported net profit in the 3rd quarter of 2011: 5,492 million baht |
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Mr. Apisak Tantivorawong, President, Krung Thai Bank PCL. said that Krung Thai Bank’s profit stood at 10,419 million baht; soared 29% after deduction of the reserve for bad debts. Consequently, its quarterly net profit jumped 10% year-to-year to 5,492 million baht.
The president explained that the key drivers of the results were net interest and dividend income up 30% to 3,064 million baht while its income from fees and service had risen 11% to 2,929 million baht.
In the first nine months, as of September-end, operating income before tax was 28,168 million baht which is increased to 43% compared to last year, higher than the target. Therefore, the Bank set aside the reserve worth 1,500 million baht to accommodate economic volatility in the next year.
As of September-end, the Bank’s outstanding loan stood at 1,317,298 million baht-grew 6%-or increased by 69,457 million baht compared with those in the last quarter of 2010 while it gained total deposits of 1,269,008 million baht, an increase of 20,957 million baht or 2%. Non-performing loan (NPL) stood at 67,090 million baht, decreasing by 9,252 million baht or 12%. The Bank’s Tier 1 capital is calculated to be 9.02%, enabling the bank to be able to expand the business as planned. |
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Corporate Branding & Communications Department
Publication date :October 27, 2011 |
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