KKP’s 2Q19 Profit Declines by 5% after Net Fees and Services Income Plunge 4.5%!
KKP’s 2Q19 profit has declined by 5% after net fees and services income plunge 4.5% while expenses posted 10.8% higher. 
KKP’s 2Q19 profit has declined by 5% after net fees and services income plunge 4.5% while expenses posted 10.8% higher.
22 ก.ค. 2562

Kiatnakin Bank Public Company Limited (KKP) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

The consolidated net profit for 2Q19 totaled THB 1,471 million, declined by 5.2% compared to a net profit of THB 1,551 million during 2Q18.
Net fees and services income totaled THB 1,015 million, a decline of 4.5% from 2Q18 amount of THB 1,063 million. Bancassurance fee for 2Q19 amounted to THB 206 million, declining 19.0% YoY from THB 255 million for 2Q18. For Capital Market business, brokerage business income totaled THB 388 million increased when comparing to THB 355 million YoY.
Other operating expenses were THB 2,388 million, increased by 10.8% YoY from THB 2,155 million during 2Q18. For 2Q19, KKP recorded a loss on sale of foreclosed assets totaled THB 63 million compared to gain of THB 4 million YoY. Loss on sale of foreclosed assets comprised of loss from sale of repossessed cars amounting to THB 253 million, with losses increasing from THB 191 million during 2Q18 and from gain on sale of foreclosed properties totaled THB 190 million for 2Q19 comparing to THB 195 million recorded during 2Q18. During 2Q19, KKP sold foreclosed properties in the amount of THB 472 million.
The Non-Performing Loans (NPLs) as of the end of 2Q19 totaled THB 9,798 million or 4.2% of total loans, increasing from 4.1% at the end of 2018 mainly from the increase in NPLs from retail loans.
 