Kasikornbank Pcl (SET: KBANK) on Friday announced its earnings report for the fourth quarter ended 2021.
| 2021 | 2020 | |
| Net Profit (Loss) – (Thousand Baht) | 38,052,722 | 29,487,117 |
| Earnings Per Share (Baht) | 15.77 | 12.42 |
| % Change | 29.05% | |
KBank and its subsidiaries reported net profit for the year of 2021 of Baht 38,053 Million, an increase of Baht 8,566 Million or 29.05% over the previous year, due to a decrease in expected credit loss amounting to Baht 3,216 Million or 7.38%. KBank and its subsidiaries consider to set aside expected credit loss in the year of 2021 amounting to Baht 40,332 Million, which consistently conform with prudent approach.
Net interest income increased by Baht 7,822 Million or 6.13%, mainly due to new lending in line with the Bank’s business direction to customers with potential and the Bank’s relief measures to inject liquidity for customers so that they could resume normal business operations.
NIM stood at 3.21%. Non – interest income decreased by Baht 1,910 Million or 4.17%, mainly due to revenue from sales of securities and decrease in net premiums earned – net, although fees and service income – net increased by Baht 2,312 Million or 7.01%, mainly due to fees from fund management and brokerage fees.
