KTB’s 3Q19 Profit Declines by 19% to ฿6.35bn from Employees’ Benefits Provision
KTB’s 3Q19 Profit Declines by 19% to ฿6.35bn from Employees’ Benefits Provision.
KTB’s 3Q19 Profit Declines by 19% to ฿6.35bn from Employees’ Benefits Provision.
21 ต.ค. 2562

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

KTB’s net profit in 3Q19 was 6,355 million baht, a decline of 19.04% YoY due to higher operating expenses from the employees’ benefits provision for retirement cases in accordance to the State Enterprise Labor Relations Committee’s latest notice, despite an improvement of total operating income. If excluding such extraordinary expense, net profit of KTB increased by 5.3% YoY.
KTB’s consolidated net interest income in 3Q2019 amounted 21,161 million baht, increased by 1.3% YoY from lower interest expense on deposits as a result from cost of fund management. Yet, interest income was partially affected by the Bank of Thailand’s policy rate cut announcement by 0.25% from 1.75% to 1.50%, which led to KTB’s MRR and MOR rates cut equally by 0.25% from 7.120% to 6.870% effective from August 15, 2019 onwards. Loans in 3Q2019 grew 3.4% YTD. Net Interest Margin (NIM) registered at 3.08%, slightly decreasing YoY.
KTB’s consolidated NPLs Ratio-Gross as at September 30, 2019 was 4.58%, rose from 4.53% and down from 4.68% as at December 31, 2018 and June 30, 2019 respectively. NPLs Ratio-Net stood at 1.92%, a slight decrease from as at December 31, 2018 and as at June 30, 2019.