Krung Thai Bank Public Company Limited (SET: KTB) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss) Million Baht |
11,107.32 | 10,282.17 |
| Earning Per Share (Baht) |
0.7900 | 0.7400 |
| % Change | 8.03 | |
| 9 Months | 9M24 | 9M23 |
| Net Profit (Loss) Million Baht |
33,380.91 | 30,504.96 |
| Earning Per Share (Baht) | 2.39 | 2.18 |
| % Change | 9.43 | |
KTB reported a net profit of Baht 11,107 million in the third quarter of 2024, increased by 8.0% YoY.
In the third quarter 2024, net interest income was Baht 29,885 million, slightly increased 0.7% YoY from balanced portfolio optimization with quality in economic uncertainties. Compared to 3Q203, consolidated net fee and service income rose by 2.1% YoY to Baht 5,619 million, mainly from our focus on wealth management, boosting mutual fund and bancassurance fees.
Meanwhile, total other operating income was Baht 5,053 million, increased by 35.9% YoY, mainly due to gains on financial instruments measured at fair value through profit or loss in line with market, gain on investments from effective portfolio management and other income.
The Bank’s consolidated loans to customers registered at Baht 2,564,765 million. The Bank focuses on a quality portfolio optimization with justified risk-adjusted-return as well as expand in its strategic segments i.e. Retail. Whereas Government loan expansion is from our balanced and justified risk-return portfolio optimization despite corporate loan repayment. As such, loans broadly maintain at the same level as December 2023 and previous quarter
The Bank’s consolidated NPL as at September 30, 2024 was Baht 98,301 million, decreased from December 31, 2023 as a result of our continuing prudent and flexible asset quality management with NPL Ratio of 3.14%.
The appropriate level of expected credit losses of Baht 8,312 million, increased 1.9% YoY, were set aside to maintain a high level of coverage ratio for any economic uncertainties along with closely monitoring of its asset quality. The consolidated coverage ratio stood at 184.1%, increased from 181.3% as of December 31, 2023
