Bangkok--21 Jan--Thanachart Bank
Thanachart Bank Public Company Limited generated record earnings of 14,703 million baht in 2018, a 6.5% improvement from last year.
Mr. Praphan Anupongongarch, CEO and President of Thanachart Bank Public Company Limited, outlined that "TBank benefited from balanced growth across its auto, retails, and subsidiary businesses. Our customer relationships continued to grow and deepen, evidenced by more than 5.5% growth in loans and net interest income. We achieved these results while improving our efficiency and holding operating expenses relatively flat year-over-year."
The CEO continued to explain that "Our growth was prudently managed with provisions reducing from last year and our NPL ratio of 2.3% being among the lowest in the industry."
Mr. Praphan also described the Bank's major goals moving forward, "We aim to retain our leadership position in the auto hire-purchase industry and make market share gains in our retail loans and deposits business as we get closer to our customers and their needs. 2019 is going to be an exciting year as our digital investments begin to make a substantial contribution to all of our business and the customers they support."