Bangkok--18 Oct--BankThai
Khun Phirasilp Subhapholsiri, President of BankThai, reveals that the unreviewed Q3 net profit of BankThai increased approximately 65% y-o-y to Baht 384 million from Baht 233 million. Moreover, in addition to the Baht 122 million provision in the 1st half 2006, the Bank has reserved an additional provision in Q3 of Baht 69 million. The operating profit of the Bank for the first 9-months period, excluding the loss from the shortfall of Yield Maintenance for CAP transferred to TAMC, was Baht 988 million which increased approximately 78% from the same period last year, exceeding the budget substantially.
The shortfall of Yield Maintenance for CAP transferred to TAMC of Baht 1,691 million, according to the cabinet resolution in August, resulted in the Bank registering a net loss of Baht 703 million for the 9 months period.
According to Khun Phirasilp, BankThai will continuously enhance and develop a variety of products and services to better serve the requirements of each customer group; including individuals, retails and mid to large corporate and institutional customers, as a full service bank.
Khun Phirasilp added, that currently FIDF is in the process of finalizing the result of the CAP Gain/Loss Sharing with BankThai. Therefore, it should be noted that the outcome of the FIDF process might affect the Bank’s performance in either Q3 or Q4.
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