Post by account_disabled on Jan 8, 2024 13:23:09 GMT 10
krungsri-posts-net-profit.jpg Krungsri (Bank of Ayudhya Public Company Limited and its subsidiaries) reported exceptional performance in the first half of 2019, with a net profit of 19.7 billion baht, an increase of 58.1% from the same period. year ago The driver of the strong performance was an increase in net interest income, driven by a 5.0% increase in loans in the first half of this year. Including recording profits from investments after selling 50% of shares in Ngern Tid Lor Company Limited. Summary of operating results according to important consolidated financial statements for the first half of 2019 - Net profit: amount of 19.7 billion baht in the second half. The first year of 2019 increased by 58.1% from the same period of 2018. - Loan growth: increased by 5.0%, amounting to 84.3 billion baht, compared to the end of December 2018. In the first half of 2019, In 2019, loans grew to cover all business groups. Large business customer loans increased 6.3%, while SME business customer loans and retail customer loans increased 5.3% and 4.0%, respectively.
Deposit growth: increased 5.0% or 71.1 billion baht when compared Job Function Email Database As of the end of December 2018 - Non-interest income: increased 53.9% from the first half of 2018, mainly due to the recording of profit from the sale of 50% of shares in Ngern Tid Lor Co., Ltd. and income from fees. and net services - Cost to income ratio: stood at 41.2% in the first half of 2019, improved from 46.4% in the first half of 2018 - Net interest margin (NIM): stood at 3.69% in the first half of 2019 compared to 3.75% in the first half of 2018 - Non-performing loans (NPLs): stood at 1.96% in the first half of 2019, improving well. Up from 2.08% at the end of December 2018 - Reserve to non-performing loans ratio: improved to 168.5% in the first half of 2019, compared to 160.8% at the end of December 2018. - Capital adequacy to risk assets ratio: remains strong at 15.88%, Mr. Seiichiro Akita, President and Chief Executive Officer Bank of Ayudhya Public Company Limited said, “Krungsri's performance in the first half of 2019 was outstanding, with net profit of 19.7 billion baht, an increase of 58.1% from the same period last year. This strong performance was driven by net interest income growth resulting from loan growth of 5.0% in the first half of the year.
Including recording a profit from the sale of 50% of shares in Ngern Tid Lor Co., Ltd., excluding the profit from the sale of said shares. Net profit from normal business operations in the first half of 2019 remained strong at 13.9 billion baht, an increase of 11.6% from the same period in 2018, reflecting Krungsri's competitiveness and business operations. " Commenting on the overall business outlook, Mr. Akita said, “Due to increased external risks and global economic uncertainty resulting from international trade disputes, Krungsri has adjusted its forecast for the Thai economic growth rate in 2019 down to 3.2%. However, amid such challenges We expect the trend of domestic demand growth to improve in the second half of this year. with supporting factors from the establishment of a new government and continuing to invest in infrastructure projects Including strong growth according to Krungsri's operational plan continuously in the first half of the year. Krungsri therefore maintains its loan growth target of 6-8% in 2019.” As of June 30, 2019, Krungsri, Thailand's fifth-largest financial conglomerate in terms of assets, Loans and deposits It is one of the five systemically important financial institutions (D-SIBs) with total loans of 1.76 trillion baht, deposits of 1.50 trillion baht, and total assets of 2.28 trillion baht, while the bank's capital is at a strong level at 253.24 billion baht or equivalent to 15.88% of risk-weighted assets.
Deposit growth: increased 5.0% or 71.1 billion baht when compared Job Function Email Database As of the end of December 2018 - Non-interest income: increased 53.9% from the first half of 2018, mainly due to the recording of profit from the sale of 50% of shares in Ngern Tid Lor Co., Ltd. and income from fees. and net services - Cost to income ratio: stood at 41.2% in the first half of 2019, improved from 46.4% in the first half of 2018 - Net interest margin (NIM): stood at 3.69% in the first half of 2019 compared to 3.75% in the first half of 2018 - Non-performing loans (NPLs): stood at 1.96% in the first half of 2019, improving well. Up from 2.08% at the end of December 2018 - Reserve to non-performing loans ratio: improved to 168.5% in the first half of 2019, compared to 160.8% at the end of December 2018. - Capital adequacy to risk assets ratio: remains strong at 15.88%, Mr. Seiichiro Akita, President and Chief Executive Officer Bank of Ayudhya Public Company Limited said, “Krungsri's performance in the first half of 2019 was outstanding, with net profit of 19.7 billion baht, an increase of 58.1% from the same period last year. This strong performance was driven by net interest income growth resulting from loan growth of 5.0% in the first half of the year.
Including recording a profit from the sale of 50% of shares in Ngern Tid Lor Co., Ltd., excluding the profit from the sale of said shares. Net profit from normal business operations in the first half of 2019 remained strong at 13.9 billion baht, an increase of 11.6% from the same period in 2018, reflecting Krungsri's competitiveness and business operations. " Commenting on the overall business outlook, Mr. Akita said, “Due to increased external risks and global economic uncertainty resulting from international trade disputes, Krungsri has adjusted its forecast for the Thai economic growth rate in 2019 down to 3.2%. However, amid such challenges We expect the trend of domestic demand growth to improve in the second half of this year. with supporting factors from the establishment of a new government and continuing to invest in infrastructure projects Including strong growth according to Krungsri's operational plan continuously in the first half of the year. Krungsri therefore maintains its loan growth target of 6-8% in 2019.” As of June 30, 2019, Krungsri, Thailand's fifth-largest financial conglomerate in terms of assets, Loans and deposits It is one of the five systemically important financial institutions (D-SIBs) with total loans of 1.76 trillion baht, deposits of 1.50 trillion baht, and total assets of 2.28 trillion baht, while the bank's capital is at a strong level at 253.24 billion baht or equivalent to 15.88% of risk-weighted assets.