Krung Thai Bank Public Company Limited (SET: KTB) announced its consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q22 | 2Q21 |
| Net Profit (Loss) Million Baht |
8,358.39 | 6,011.04 |
| Earning Per Share (Baht) |
0.6000 | 0.4300 |
| % Change | 39.05 | |
| 6 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
17,138.74 | 11,589.47 |
| Earning Per Share (Baht) | 1.2300 | 0.8300 |
| % Change | 47.88 | |
KTB recorded a net profit of Baht 8,358 million in 2Q22, increased 39.05% from a net profit of Baht 6,011 million in the same period last year. The increase was mainly due to an increase in total operating income of 2.1% YoY from the interest income from loan resulting from the quality loan growth especially in corporate and retail lending, together with an increase in fee income and a comprehensive operating cost management. Consequently, cost to income ratio stood at 42.48%, broadly flat YoY.
KTB set aside the expected credit loss in amount of Baht 5,669 million, decreased by 30.0% YoY as the the high expected credit loss in the same period of last year, with prudently considering on business management given the economic uncertainties that might impact loan quality as well as its closely monitoring of loans portfolio and the ongoing asset quality management. The consolidated NPLs Ratio-Gross was at 3.32%, reduced from 3.50% as at December 31, 2021. Besides, the consolidated coverage ratio stood at the high level of 174.3%, compared with 168.8% as at December 31, 2021.
