TMB Reports a Skyrocket 1Q20 Profit to ฿4.1Bn after a Fully-Book Earnings from TBANK
TMB Reports a Skyrocket 1Q20 Profit of ฿4.1Bn after a Fully-Book Earnings from TBANK.
TMB Reports a Skyrocket 1Q20 Profit of ฿4.1Bn after a Fully-Book Earnings from TBANK.
21 เม.ย. 2563

TMB Bank Public Company Limited (TMB) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

For the first quarter of 2020, TMB recorded a net profit of 4,163 million baht, increased 163.7% after it fully recognized TBANK’s quarterly results.
TMB recorded THB14,014million of net interest income(NII)in 1Q20, increased 124.7% from the same period last year (YoY), mainly owing to higher interest on hire purchase and lower FIDF cost.
TMB posted THB 4,182 million of non-interest income in 1Q20, an increase of 83.4% from the 1st quarter last year. The increase was due to earnings from net fees and service income as well as share of profit from investment.
TMB continued to proactively de-risking SME loan portfolio for asset quality management. In the first quarter of 2020, the Bank remained prudent and set aside THB4,760 million of expected credit loss (ECL) under new accounting standard TFRS9 and further write off NPLs approximatelyTHB 2.4 billion to limit future downside risks and keep balance sheet clean. In this quarter, theBank put the additional ECL amounting to THB1 billion to manage uncertain future outlook. Nonetheless, stage 3 loans (NPLs under TFRS9) totaled THB 44,183 million, representing NPL ratio of 2.76% as of March 2020.