Kasikornbank Public Company Limited (SET: KBANK) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss) Million Baht |
12,652.92 | 10,994.27 |
| Earning Per Share (Baht) |
5.3400 | 4.6400 |
| % Change | 15.09 | |
| 6 Months | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
26,138.64 | 21,735.33 |
| Earning Per Share (Baht) | 10.8700 | 9.0200 |
| % Change | 20.26 | |
KBANK reported a net profit of 12,652 million baht in 2Q24, increased 15.09% from a net profit of 10,994 million baht in 2Q23. The bank recorded a low-single digit gain in net interest and non-interest income in the quarter. Meanwhile, net interest margin rose slightly by 0.04 percentage points to 3.67%.
NPL gross to total loans was 3.18%, which was slightly lower compared with the previous quarter.
The bank stated that it set aside expected credit loss (ECL) of Baht 11,672 million, which was in line with the preceding quarter, and in alignment with the on-going prudent approach that ECL was at suitable level, reflecting the current situation and supporting uncertainties of various factors that may affect the economic recovery. Coverage ratio increased from the previous quarter, and was at 151.87%.
