Bangkok Bank Public Company Limited (SET: BBL) has announced its 3Q34 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss) Million Baht |
12,476.36 | 11,349.91 |
| Earning Per Share (Baht) |
6.5400 | 5.9500 |
| % Change | 9.92 | |
| 9 Months | 9M24 | 9M23 |
| Net Profit (Loss) Million Baht |
34,806.83 | 32,772.71 |
| Earning Per Share (Baht) | 18.23 | 17.17 |
| % Change | 6.21 | |
BBL reported a net profit of 12,476 million for the third quarter of 2024, an increase of 9.92% compared to the same period of last year.
Net interest income in the third quarter was Baht 33,367 million, a slight decrease by 2.2% from last year. Meanwhile, non-interest income posted stronger growth by 47% to Baht 12,460 million for the third quarter. This growth was driven primarily by higher investment income and increased net fees and service income, as bancassurance and mutual fund services continued to perform well.
However, operating expenses for the quarter rose 13.7% YoY to Baht 21,839 million.
At the end of September 2024, the Bank’s total loans amounted to Baht 2,638,697 million, a decrease of 1.2 percent from the end of last year. Meanwhile loans to large corporate customers continued to grow. The non-performing loan to total loans ratio was at a manageable level of 3.4 percent.
In the third quarter of 2024, expected credit losses dropped slightly by 8.6% to Baht 8,197 million.
The total capital adequacy ratio, Tier 1 capital adequacy ratio, and Common Equity Tier 1 capital adequacy ratio of the Bank and its subsidiaries stood at 20.8 percent, 17.4 percent and 16.6 percent, respectively, comfortably above the Bank of Thailand’s minimum capital requirements.
