Krung Thai Bank Public Company Limited (SET: KTB) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
36,615.91 | 33,697.74 |
| Earning Per Share (Baht) |
2.6200 | 2.4100 |
| % Change | 8.66 | |
KTB reported a net profit of Baht 3 6,616 million, an increase of 8.7% YoY. The total operating income uplifted by 19.2% YoY from a 1.5% YoY ample loan growth in its strategically focused segments for a justified risk adjusted return amid a 0.6% YoY marginal decline in total loan growth from government related loans. Non-interest income also increased, aligned with market situations.
Consolidated net interest income in 2023 was Baht 113,419million, increased by 25.5% YoY, mainly due to loan growth in its strategically focused segments both retail and corporate segments for a justified risk adjusted return in economic uncertainties. NIM registered at 3.22%, compared to 2.60% last year as a result of portfolio optimization as well as interest rate trend, offset by a rising cost of funds including FIDF rate normalization.
The consolidated loans to customers (less deferred revenue) registered at Baht 2,576,516 million with the bank’s expansion in its strategically focused segments for a justified risk adjusted return. Loan for strategically focused segments had an ample growth of 1.5% YoY amid a0.6% YoY marginal decline in total loan growth from repayment of government related loans. Accrued interest receivables increase from September 2023 mainly from Effective Interest Rate (EIR) recognition especially for housing loans with fixed rate conditions in the early payment period.
Consolidated expected credit losses prudently set aside the expected credit losses in amounted Baht 37,085 million, increased by 52.4% YoY amid a changing business environment as well as economic uncertainties as well as prudently scrutinize all risk aspects whilst maintaining high coverage ratio of 181.2%
