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Krung Thai Bank posted net profit of 7,712 million baht, up 139.35%, thanks to strong growth in loans in the public and private sectors.
million. Pongsri Vanich, managing director Krung Thai Bank reported a net profit of 7,712 million bt in the second quarter of 2012, up 139.35% over the same period last year. The bank made a provision of 6,769 million bt, a decrease of 51.22% compared to the same period last year. The net profit of the Bank in the first half of 2018 was Baht 14,498 million, an increase of 23.28
. The bank's loan growth in 2Q08 was very good. In line with the expansion of the Thai economy in the first half of the year. The export sector is the main driving force. Private consumption has improved thanks to a better agricultural sector. Private investment is recovering. Government spending has increased. Including the expansion of the tourism sector. In the first half of this year, bank loans amounted to 1 959.549 billion baht, up 1.1% from the end of last year. Deposits rose to 2,040,349 baht, down 1.47% from the fixed deposit.
million. Panyong Sriwanich added: The Bank maintained its hedge rate at 123.54% for the second quarter of 2018 at a level near the end of the previous year at 121.71%. Criteria The capital adequacy ratio of the bank was 17.61%, against 17.45% at the end of last year. Compared to the criteria of the Bank of Thailand. And the Bank assesses the adequacy of the fund in the future. To meet the criteria of the Bank of Thailand.
NPL loans amounted to 110.563 billion baht in the second quarter of 2006, up 7.32% from the end of last year. Gross unproductive claims amounted to 4.52%, compared with 4.19% at the end of the previous year. This is mainly due to the increase of small and medium enterprises in some industries.
trends in the second half The Bank has a good track record. The Thai economy is growing. Private investment And private consumption has increased. Loan growth is expected to continue as of the second quarter of 2006. The Bank is actively pursuing its plans for expansion. The coverage rate is stable.
In May 2018, Fitch Ratings raised from F3 to F2 the short-term rating of the bank in foreign currencies, reflecting the improvement in bank liquidity. Continually The Bank also confirmed the long-term IDR in foreign currencies to BBB and the long-term national rating to AA + (tha) .In June, Moody's Baa1 Investor Services, reflecting the trend . A stable financial status.
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