Krung Thai Bank Public Company Limited (SET: KTB) has reported its annual financial statement of 2022 through the Stock Exchange of Thailand as follows;
| Year | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
33,697.74 | 21,588.29 |
| Earning Per Share (Baht) |
2.4100 | 1.5400 |
| % Change | 56.09 | |
KTB reported a net profit of Baht 33,697 million in 2022, increased 56.09% from a net profit of Baht 21,588 million in 2021. The increase was due to an increase in total operating income of 8.3% YoY from net interest income resulting from a quality loan growth of a 4.3% YTD expansion excluding government loans and an interest rate hike impact.
Additionally, net fee and service income and other non-interest income increased continuously with the Bank’s effective comprehensive operating cost management.
Meanwhile, expected credit loss decreased by 25.2% YoY to Baht 24,338 million with regard to its prudent asset quality management and attentive consideration of various factors relating to business environment and economic uncertainties along with its closely monitoring on asset quality with its NPLs Ratio-Gross at 3.26%, decreased from 3.50% as at December 31, 2021, whilst maintaining high coverage ratio at 179.7%.
