Bangkok--17 Oct--KASIKORNBANK
Mr. Teeranun Srihong, President of KASIKORNBANK, said KASIKORNBANK announced net profit for the nine-month period of 2014 of Baht 36,187 Million, a rise of 13.80% over the same period of 2013.
Operating performance for the nine-month period of 2014 compared with the same period of 2013, KBank and its subsidiaries reported net profit of Baht 36,187 Million, a rise of Baht 4,389 Million or 13.80% over the same period of 2013, due mostly to an increase in net interest income by Baht 7,715 Million or 14.38% resulting in a NIM that stood at 3.70%, improving from the same period of 2013 due to the maturity of high-rate deposits, which decreased the Bank’s costs of fund. Moreover, non-interest income rose Baht 5,730 Million or 15.98% due to an increase in net fees and service income and net insurance premiums. The efficiency ratio in this period stood at 42.10%.
Operating performance for the third quarter of 2014 compared with the second quarter of 2014, KBank and its subsidiaries reportednet profit of Baht 12,516 Million, an increase of Baht 784 Million or 6.69% over the previous quarter. Net interest income increased Baht 714 Million or 3.47% resulting in a NIM that stood at 3.79%. Net fees and service income rose Baht 816 Million or 9.82%. The efficiency ratio in this quarter stood at 41.98%.
Operating performance for the third quarter period of 2014 compared with the same quarter of 2013, KBank and its subsidiaries reported net profit of Baht 12,516 Million, a rise of Baht 1,803 Million or 16.84% over the same quarter of 2013.
As of 30 September 2014, KBank and its subsidiaries’ total assets were Baht 2,415,588 Million, rising Baht 75,790 Million or 3.24% over the previous quarter and rising Baht 125,543 Million or 5.48% over the end of 2013, the majority came from an increase in interbank and money market items and loans. NPL gross to total loans stood at 2.16% as of 30 September 2014 slightly increased from the previous quarter, while the end of 2013 stood at 2.11%. Coverage ratio as of 30 September 2014 stood at 142.39% while the previous quarter and the end of 2013, it stood at 140.83% and 134.52%, respectively. In addition, as of 30 September 2014, KASIKORNBANK FINANCIAL CONGLOMERATE’s Capital Adequacy Ratio (CAR) according to the Basel III Accord was 16.98%, with a Tier-1 Capital ratio of 13.98%.