Thai Credit Bank Public Company Limited (SET: CREDIT) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss) Million Baht |
1,161.87 | 986.00 |
| Earning Per Share (Baht) |
0.9400 | 0.8500 |
| % Change | 17.84 | |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
2,431.59 | 2,816.66 |
| Earning Per Share (Baht) | 1.9900 | 2.4200 |
| % Change | -13.67 | |
CREDIT reported a net profit of THB 1,161.9 million, an increase by 17.84% from the same period of last year. The increase was mainly due to a rise in net interest income by 9.4% to THB 3,749 million for the quarter.
Additionally, expected credit loss (ECL) declined from THB 978 million in the third quarter of 2023 to THB 759 million in 3Q24. Gross NPLs ratio before allowance for expected credit loss increased from 4.2 percent as of 31 December 2023 to 4.5 percent as of 30 September 2024 as expected, which is still within a manageable range.