Bangkok--18 Oct--KASIKORNBANK
Mr. Predee Daochai, President of KASIKORNBANK, said KASIKORNBANK announced net profit for the nine-month period of 2013 of Baht 31,798 Million, a rise of 15.35% over the same period of 2012.
Operating performance for the nine-month period of 2013 compared with the same period of 2012, KBank and its subsidiaries reported net profit of Baht 31,798 Million, increased Baht 4,231 Million or 15.35% compared with the same period of 2012, due mostly to an increase in net interest income by Baht 7,066 Million or 15.17%. Net interest margin (NIM) stood at 3.51%. Meanwhile, non-interest income rose Baht 5,945 Million or 19.45% due to continuous growth in net fees and service income, as well as net premiums earned. Moreover, the efficiency ratio performed at 42.15% in this period.
Operating performance for the third quarter of 2013 compared with the second quarter of 2013, KBank and its subsidiaries reported net profit of Baht 10,713 Million, a decrease of Baht 266 Million or 2.43% from the previous quarter, due mostly to an increase in net interest income of Baht 586 Million or 3.26%. Net interest margin (NIM) stood at 3.52%. Moreover, net fees and service income increased by Baht 145 Million or 1.97%. However, the efficiency ratio performed at 43.63% in this quarter.
As of 30 September 2013, KBank and its subsidiaries’ total assets were Baht 2,240,034 Million, rising Baht 162,592 Million or 7.83% over the end of 2012, the major increase was due to the investments and loans. NPL gross to total loans stood at 2.13% as of 30 September 2013, while the end of 2012 stood at 2.16%. In this period, KBank has set aside higher allowance for impairment loss on loans, partiality to be served as a countercyclical provision to prepare the Bank for any potential future economic downturn and the changing economic circumstances, both domestic and abroad. Resulting to the coverage ratio stood at 132.85% as of 30 September 2013 while the end of 2012 stood at 131.83%. In addition, as of 30 September 2013, KASIKORNBANK FINANCIAL CONGLOMERATE’s Capital Adequacy Ratio (CAR) with Basel III was 17.31%, with a 13.13% Tier-1 Capital ratio.