KTB Reports a Drop of 51% in 3Q Profit from Higher Provision, NPLs Decrease to 4.21%
KTB Reports a Drop of 51% in 3Q Profit from Higher Provision, NPLs Decrease to 4.21%.
KTB Reports a Drop of 51% in 3Q Profit from Higher Provision, NPLs Decrease to 4.21%.
21 ต.ค. 2563

Krung Thai Bank Public Company Limited (KTB) has reported its 3Q20 consolidated financial statement ended September 30, 2020, through the Stock Exchange of Thailand as follows;
 
KTB recorded a net profit of 3,057 million baht in 3Q20, decreased 51.89% compared to a net profit of 6,354 million baht in 3Q19. The decrease was mainly due to the expected credit losses amounted 12,414 million baht, increased 103.6% from impairment loss of loans in the same quarter of last year.
KTB’s pre-provision profit was 16,572 million baht, increased 16.0% YoY. This was mainly derived from higher net interest income from interest income received from the auction of mortgaged guarantee assets (special interest income) apart from cost of fund reduction during this downward trend of policy rate at a record-low of 0.5%. Additionally, loan growth had created a shift in portfolio mix, resulting in NIM of 2.82%, down from 3.08% in 3Q2019.
Coverage ratio as at September 30, 2020 increased to 135.6% from 126.5% as at June 30, 2020. The NPLs Ratio-Gross decreased to 4.21% from 4.35% as at June 30, 2020.