High ECL in 2020 Leads to a 43% Decline of KTB’s Earnings to Book ฿16.7Bn
High ECL in 2020 Leads to a 43% Decline of KTB's Earnings to Book ฿16.7Bn.
High ECL in 2020 Leads to a 43% Decline of KTB's Earnings to Book ฿16.7Bn.
22 ม.ค. 2564

Krung Thai Bank Public Company Limited (KTB) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

KTB reported a net profit of 16,731 million baht in 2020, decreased 42.86% compared to a net profit of 29,284 million baht in 2019.
The bank gradually set aside the expected credit losses at the high level of Baht 44,903 million, a 88.6% increase from impairment loss of loans in 2019 given thorough considerations on various factors in the continuously changing business environment under this economic slowdown with high uncertainties which could impact loan quality. This led to higher coverage ratio as at December 31, 2020 of 147.3%, increasing from 131.8% as at December 31, 2019. Given the management of the bank’s asset quality, the NPL Ratio-Gross decreased to 3.81% from 4.33% as at December 31, 2019.
The Bank’s Tier 1 and Total Capital ratios were 15.35% and 18.76% respectively, maintaining at a strong level as compared to BOT’s requirement.