KKP Gains Nearly 4% of Profit in 3Q19 from Booking Higher Interest Income
KKP Gains Nearly 4% of Profit in 3Q19 from Booking Higher Interest Income.
KKP Gains Nearly 4% of Profit in 3Q19 from Booking Higher Interest Income.
18 ต.ค. 2562

Kiatnakin Bank Public Company Limited (KKP) has announced its 3Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

The net profit for 3Q19 totaled 1,610 million baht, increased by 3.8% when compared to the net profit of 1,551 million baht during 3Q18. A profit of 402 million baht was the net profit from Capital Market Business operated by Phatra Capital Plc. (Phatra) and subsidiaries.
Net interest income amounted to 3,227 million baht, an increase of 316 million baht or 10.9% YoY from 2,911 million baht in 3Q18. Interest income was 4,696 million baht, which increased of 11.8% from 3Q18 mainly from the increase in interest income on loans of 13.2% from loan expansions.
Interest on investment in loans also increased by 350.8%. Interest expense totaled 1,469 million baht, an increase of 13.9% YoY from the growth in the deposit. The yield on loan for 3Q19 at 7.0% while the cost of funds was at 2.4% resulting in loan spread for 3Q19 to decline to 4.6% from 5.1% during 3Q18.
Non-Performing Loans (NPLs) to total loans ratio for 3Q19 remained stable at 4.2% from the end of 2Q19.