Bangkok--28 Jul--Kiatnakin Bank
“KK” stockholders will receive an interim dividend yield of Baht 1 per share, the same rate as that for the first half of last year, following an approval by the Board of Directors of Kiatnakin Bank. The bank earned a profit of Baht 1,200 million in the first half of 2006.
Mr. Tawatchai Sudtikitpisan, the president of Kiatnakin Bank Plc., said “the Kiatnakin Bank Board of Directors approved the interim dividend payment of Baht 1 per share, which will be paid to shareholders whose names are listed on the common share register on the closing date, August 11, 2006 at 12.00 hours. The dividend will be paid from the Bank’s operation during January 1, 2006 to June 30, 2006 and will be paid within August 25, 2006. This dividend payout brings delightful news to the shareholders as it has been in the past 3 consecutive years that Kiatnakin Bank pays an interim dividend twice annually. Our performance met the targets, and resulted in a net profit of Baht 1,181 million, an increase from Baht 1,131 million in 2005. The total asset of Kiatnakin Bank is worth Baht 73,964 million, up by 9 percent from Baht 68,051 million at the end of the year 2005.
Kiatnakin Bank has been operating for 35 years under a prudent policy. The bank gives priority to cost management and debt quality control and focuses on businesses in which it has a high expertise. The bank successfully maintain the rating of A- credit status assigned by the Thai Rating and Information Service (TRIS), which reflects its high financial stability. As of June 2006, the bank has a strong capital base of Baht 16,979 million, and the Bank of International Settlement (BIS) Ratio for the first half of 2006 at 24.11 percent, higher than the standard imposed by the Bank of Thailand of 8.5 percent.
Note to Editor: Kiatnakin was established in 1971, and started operating as a commercial bank entitled “Kiatnakin Bank Public Company Limited” on October 3, 2005. The bank has a capital base of 16,976 million baht and assets of 73,964 million baht. Currently the bank has 16 branches throughout Thailand. The bank provides savings and credit services, including saving deposits, fixed deposits, current account deposits, as well as Hire-purchase loans, Residential project loans, Corporate and industrial loans, and more.
For more information,
please contact Ms. Tippawan Wortong (Mo) at Mobile: 01.421.2923 or E-mail: [email protected]