Post by account_disabled on Feb 24, 2024 3:23:40 GMT -5
Krungthai's profit before reserves in 2020 increased by 9%, aggressively setting up reserves to deal with economic uncertainty. Krung Thai Bank and its subsidiaries have operating profits. Before setting aside reserves for 2020, more than 68,783 million baht, an increase of 8.9 percent from the same period last year. Benefiting from loan growth of more than 12 percent and control of operating expenses and financial costs, the Cost to Income ratio decreased to 43.7 percent, aggressively setting up reserves more than 88.6 percent to accommodate economic uncertainty. and the risk that NPLs Cliff may occur after continuing to issue measures to help customers Mr. Phayong Sriwanich, President Krung Thai Bank revealed that the bank and its subsidiaries had an operating profit for 2020 of 68,783 million baht, an increase of 8.9 percent from the same period last year. Net interest income was at the same level as in 2019, despite the policy interest rate and loan interest rate continuously decreasing.
However, the bank had increased special interest income. Loan growth Bahrain Mobile Number List was good at 12 percent, with the bank expanding credit cautiously. and reduced financial costs Help reduce the impact from the said interest rate reduction. In addition, operating expenses decreased by as much as 14.4 percent, resulting in a Cost to Income ratio of 43.7 percent, down from 49.7 percent in 2019. The Bank and its subsidiaries gradually set aside provisions for expected credit losses at a high level of 44,903 million baht, an increase of 88.6 percent when compared to bad debt expenses. Doubtful debts in 2019 by carefully considering factors in the continuously changing business environment. Both the economic slowdown and high uncertainty that may affect loan quality or NPLs Cliff, which the bank has continued to issue measures to help customers in the past As a result, the Coverage Ratio as of December 31, 2020 increased to 147.3 percent from 131.8 percent as of December 31, 2019, along with the bank's asset quality management, with NPLs Ratio-Gross equal to 3.81 percent, decreased from 4.33 percent as of 31 December 2019 As a result of these operating results and the high provision for expected credit losses, the Bank and its subsidiaries' net profit attributable to the Bank was 16,732 million baht, a decrease of 42.9 percent from the same period.
year ago For the 4th quarter of 2020, the Bank and its subsidiaries had an operating profit of 14,634 million baht, a decrease of 2.5 percent from the same quarter of the previous year. This was a result of a slight decrease in net interest income. coupled with a decrease in non-interest income causing operating profits to decrease Although the bank managed to reduce operating expenses by 16.1 percent from the same quarter last year, In the 4th quarter of 2020, the Bank set aside provisions for expected credit losses in the amount of 9,254 million baht, an increase of 91.8 percent based on careful consideration principles, resulting in net profit attributable to the Bank of 3,453 million baht, a decrease of 100 percent. 53.7 from the same quarter of 2019 As of December 31, 2020, the Bank had net loans and accrued interest receivables of 2,197,674 million baht, growing 12 percent from the end of 2019. The Bank (separate financial statements) had a Tier 1 capital ratio of 15.35 percent and a total capital adequacy ratio of weighted assets. Risk-based at 18.76 percent, which is at a strong level when compared to the Bank of Thailand's criteria. In 2020, the Bank faced challenges in business operations and the economic situation has not yet returned to normal due to the COVID-19 outbreak. The Bank has cooperated with the government sector in implementing various measures.
However, the bank had increased special interest income. Loan growth Bahrain Mobile Number List was good at 12 percent, with the bank expanding credit cautiously. and reduced financial costs Help reduce the impact from the said interest rate reduction. In addition, operating expenses decreased by as much as 14.4 percent, resulting in a Cost to Income ratio of 43.7 percent, down from 49.7 percent in 2019. The Bank and its subsidiaries gradually set aside provisions for expected credit losses at a high level of 44,903 million baht, an increase of 88.6 percent when compared to bad debt expenses. Doubtful debts in 2019 by carefully considering factors in the continuously changing business environment. Both the economic slowdown and high uncertainty that may affect loan quality or NPLs Cliff, which the bank has continued to issue measures to help customers in the past As a result, the Coverage Ratio as of December 31, 2020 increased to 147.3 percent from 131.8 percent as of December 31, 2019, along with the bank's asset quality management, with NPLs Ratio-Gross equal to 3.81 percent, decreased from 4.33 percent as of 31 December 2019 As a result of these operating results and the high provision for expected credit losses, the Bank and its subsidiaries' net profit attributable to the Bank was 16,732 million baht, a decrease of 42.9 percent from the same period.
year ago For the 4th quarter of 2020, the Bank and its subsidiaries had an operating profit of 14,634 million baht, a decrease of 2.5 percent from the same quarter of the previous year. This was a result of a slight decrease in net interest income. coupled with a decrease in non-interest income causing operating profits to decrease Although the bank managed to reduce operating expenses by 16.1 percent from the same quarter last year, In the 4th quarter of 2020, the Bank set aside provisions for expected credit losses in the amount of 9,254 million baht, an increase of 91.8 percent based on careful consideration principles, resulting in net profit attributable to the Bank of 3,453 million baht, a decrease of 100 percent. 53.7 from the same quarter of 2019 As of December 31, 2020, the Bank had net loans and accrued interest receivables of 2,197,674 million baht, growing 12 percent from the end of 2019. The Bank (separate financial statements) had a Tier 1 capital ratio of 15.35 percent and a total capital adequacy ratio of weighted assets. Risk-based at 18.76 percent, which is at a strong level when compared to the Bank of Thailand's criteria. In 2020, the Bank faced challenges in business operations and the economic situation has not yet returned to normal due to the COVID-19 outbreak. The Bank has cooperated with the government sector in implementing various measures.
