Bangkok--21 Jul--BBL
- Deposits increased by Baht 16.8 billion or 1.3 percent
- NPLs declined by Baht 1.7 billion
- Capital adequacy ratio remains strong at 15.8 percent
Bangkok Bank reported its performance results for the second quarter of 2009 with profit before tax of Baht 7.2 billion, an increase of 2.8 percent from the previous quarter. Net profit was stable at Baht 4.8 billion, 1.6 percent higher compared with the previous quarter, which was a satisfactory result given the economic downturn and decreased demand for loans.
Total loans in the second quarter fell by less than in the previous quarter. Total loans at the end of June 2009 were Baht 1,099.5 billion, a decline of 6.2 percent from the end of 2008. The decrease was primarily because some customers repaid loans taken out for working capital on the back of decline in commodity price and purchase orders in line with the economic slowdown.
Bangkok Bank in the second quarter of 2009 continued to achieve its goals in four main areas: liquidity, fees and service income, quality of loans, and capital position.
Liquidity was maintained at a high level as deposits rose by 1.3 percent quarter-on-quarter. As a result, the bank’s loan-to-deposit ratio stood at 81.1 percent. Fees and service income rose by 8.2 percent compared with the same quarter last year.
Non-performing loans (NPLs) fell by Baht 1.7 billion resulting in a decline in the ratio of NPLs to total loans to 4.6 percent, compared with 4.8 percent as of March 31, 2009. The bank’s capital adequacy ratio was 15.8 percent with the inclusion of the net profit for the first-half period. This strong capital position will provide the bank with continued strength to operate through this period of economic volatility.
Bangkok Bank President Chartsiri Sophonpanich said, “During the current economic slowdown, Bangkok Bank continues to maintain close relationship with customers, providing appropriate and timely support to those with good potential. This not only enables our customers to continue their business operations, which will benefit the economy as a whole, but also helps maintain the overall quality of our loans with satisfactory result.”
Total deposits as of June 30, 2009 were Baht 1,355.7 billion, an increase of Baht 44.2 billion, or 3.4 percent, from the end of 2008. This reflects depositors’ confidence in the strength of Bangkok Bank as well as our continue efforts to grow the deposit base.
In the meantime, Bangkok Bank’s extensive networks allow it to effectively offer customers a wide variety of choices of financial products and services, such as bancassurance, mutual funds and corporate debentures. This has enabled the bank to continue to grow its fee-based income.
The bank has also been able to control costs reasonably well with non-interest expenses of Baht 9.3 billion or 1.9 percent lower compared with the same quarter last year. Shareholders’ equity as of June 30, 2009 totaled Baht 179.7 billion, with earnings per share of Baht 5.02, and a book value per share of Baht 94.15.
ธนาคารกรุงเทพ จำกัด (มหาชน) (ทะเบียนเลขที่ 0107536000374 )
333 ถนนสีลม เขตบางรัก กรุงเทพฯ 10500 โทรศัพท์ 0 2231 4333 Telex 82638 BKBANK TH www.bangkokbank.com
Bangkok Bank Public Company Limited (Registration No. 0107536000374 )
333 Silom Road Bangrak Bangkok 10500 Thailand Tel. (66) 2231 4333 Telex 82638 BKBANK TH www.bangkokbank.com