Kiatnakin Phatra Bank Public Company Limited (SET: KKP) has announced its 1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 1Q25 | 1Q24 |
| Net Profit (Loss) Million Baht |
1,061.62 | 1,506.02 |
| Earning Per Share (Baht) |
1.2800 | 1.7800 |
| % Change | -29.51 | |
KKP reported a net profit of Baht 1,062 million, representing a 29.5% decline from 1Q24.The decline was primarily attributable to a decrease in net interest income, which contracted by 15.4% YoY due to a slowdown in loan growth in line with the Bank’s strategic focus on asset quality, emphasizing loan growth in high-quality segments and partly from the decline in interest rates following policy rate reductions.
For 1Q25, net interest income amounted to Baht 4,446 million, a decrease of 15.4% compared to the same period in 2024. The decline was primarily due to lower interest income of 12.0% as a result of loan contractions, consistent with the Bank’s strategic focus on asset quality, emphasizing loan growth in high-quality segments, reduction in interest rates following the decline in policy rate and partly from the Bank’s assistance to customers as part of the relief measure “Khun Soo, Rao Chuay” program. Interest expenses also gradually declined by 5.2%. Consequently, loan spread in 1Q25 narrowed to 4.6%, down from 4.9% in 1Q24.
Non-interest income totaled Baht 1,507 million, representing a decrease of 4.6% compared to the same period last year.
As of the end of 1Q25, total loans, excluding POCI, amounted to Baht 362,301 million, a 1.4% contraction from the end of 2024. Retail Lending amounted to Baht 247,517 million, decreasing by 2.1% from the end of 2024. Retail loans include hire purchase loans, personal loans, Micro SMEs loans and housing loans. Hire purchase loans totaled Baht 162,415 million, contraction of 2.4% from the end of 2024.
The Bank recorded expected credit losses (ECL) of Baht 1,104 million in 1Q25. As of the end of 1Q25, total allowance for expected credit losses to total NPLs ratio (coverage ratio) stood at 131.0%, while the ratio of Non-Performing Loans1 (NPLs) to total loans ratio was at 4.4%.
As of the end of 1Q25, the Non-Performing Loans (NPLs) or Stage 3 loans, excluding POCI totaled Baht 15,859 million, remaining within control with the percentage of NPLs to total loans for 1Q25 at 4.4%.
