Bangkok Bank Public Company Limited (SET: BBL) has announced its annual financial statement for 2022 through the Stock Exchange of Thailand as follows;
| Year | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
29,305.59 | 26,507.04 |
| Earning Per Share (Baht) |
15.3500 | 13.8900 |
| % Change | 10.56 | |
BBL reported a net profit of Baht 29,305 million in 2022, increased 10.56% from a net profit of Baht 26,507 million in 2021. Net interest income increased on higher loan volume and the rise in interest rates. Non-interest income declined mainly due to lower gains on financial instruments measured at FVTPL in line with the market situation.
For 2022, net interest income amounted to Baht 102,223 million, an increase of 24.4 percent from the previous year due to higher business loan volume, interest rate increase and the Bank’s liquidity management.
For 2022, non-interest income amounted to Baht 36,672 million, a decrease of 30.0 percent from last year, mainly from a decline in gains on financial instruments measured at FVTPL and lower net fees and service income from securities business, bancassurance and mutual fund. Meanwhile, fees income from loan-related services rose from higher business volume and fees from trade finance services increased in line with the recovery of the Thai economy from last year.
In 2022, the Bank set aside Baht 32,647 million in expected credit losses. This is consistent with the Bank’s prudent management approach by taking into account global economic volatility which may affect the recovery of the Thai economy going forward. Expected credit losses covered loans, interbank and money market items, and debt securities, which are not measured at FVTPL, as well as loan commitments and financial guarantee contracts.
As of December 31, 2022, loans amounted to Baht 2,682,691 million. Compared with the end of last year, loans rose by 3.6 percent mainly from increases in loans to large corporate customers and loans made through the Bank’s international network.
Non-performing loan (Gross NPL) at the end of December 2022 was Baht 97,188 million, while the gross NPL to total loans ratio stood at 3.1 percent. The Bank set aside Baht 32,647 million in expected credit losses, a decrease of 4.4 percent from last year. This is consistent with the Bank’s prudent management by taking into account global economic volatility which may affect the recovery of the Thai economy going forward.
