Bangkok Bank reports net profit for the third quarter of 201
Jan 1, 2024 4:34:49 GMT
Post by account_disabled on Jan 1, 2024 4:34:49 GMT
In 2019, the Thai economy is likely to expand at a slower rate compared to the previous year. This is a result of the global economy slowing down and international trade protectionism intensifying. Including the value of the baht that continues to strengthen. Affecting the export and tourism sectors Meanwhile, private sector consumption and investment contracted, reflected in lower sales of automobiles and the real estate sector. In addition, household debt remains high and household income in some agricultural sectors is affected by natural disasters. Affecting private consumption In addition, the slowdown in production activities and the capacity utilization rate of the industrial sector. This puts pressure on private investment. In addition, government spending expanded less than expected due to the delay in government formation. 3rd quarter net profit increased 4.5 percent Bangkok Bank and its subsidiaries reported net profit attributable to the bank in 3rd quarter 2019 of 9,438 million baht, an increase of 4.5 percent from the 3rd quarter of the previous year, mainly from net fee and service income.
Increased 9.6 percent as a result of the growth in fees from bancassurance Industry Email List and mutual fund services. according to the strategic intent of the bank Net interest income decreased slightly by 1.7 percent following a decrease in loans. The net interest margin was 2.35 percent. Operating expenses decreased slightly by 1.5 percent from the third quarter of the previous year, reflecting the bank's discipline in expense management. and the ratio of expenses to operating income was 41.9 percent. The bank's financial position and capital funds were strong. At the end of September 2019, the bank had loans amounting to 2,001,445 million baht, a decrease of 0.8 percent from the end. June 2019 from a decrease in business customer loans. according to the economic slowdown and debt repayment of loans to large business customers The ratio of non-performing loans to total loans stood at 3.6 percent, while the bank's reserves remained high. The ratio of allowance for doubtful accounts to non-performing loans was 183.4 percent. The bank continues to place importance on overseeing the credit granting process and risk management.
along with credit quality management along with maintaining the allowance for doubtful accounts at an appropriate level The Bank maintains a careful and cautious approach to managing its financial position. as well as maintaining capital and liquidity at a strong level. At the end of the third quarter of 2019, the loan to deposit ratio was 84.7 percent. In addition, on September 25, 2019, the bank issued subordinated debt instruments with a maturity of 15 years. That can be counted as Tier 2 capital under Basel III guidelines in the amount of USD 1,200 million. This supports the bank's capital structure to be more appropriate. As of 30 September 2019, the total capital adequacy ratio Common Equity Tier 1 capital ratio And the Tier 1 capital to risk-weighted assets ratio of the Bank and its subsidiaries was 20.7 percent, 17.7 percent, and 17.7 percent, respectively, which is at a level higher than the minimum capital adequacy ratio as specified by the Bank of Thailand. About preecha binmanoch Templatesyard is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design.
Increased 9.6 percent as a result of the growth in fees from bancassurance Industry Email List and mutual fund services. according to the strategic intent of the bank Net interest income decreased slightly by 1.7 percent following a decrease in loans. The net interest margin was 2.35 percent. Operating expenses decreased slightly by 1.5 percent from the third quarter of the previous year, reflecting the bank's discipline in expense management. and the ratio of expenses to operating income was 41.9 percent. The bank's financial position and capital funds were strong. At the end of September 2019, the bank had loans amounting to 2,001,445 million baht, a decrease of 0.8 percent from the end. June 2019 from a decrease in business customer loans. according to the economic slowdown and debt repayment of loans to large business customers The ratio of non-performing loans to total loans stood at 3.6 percent, while the bank's reserves remained high. The ratio of allowance for doubtful accounts to non-performing loans was 183.4 percent. The bank continues to place importance on overseeing the credit granting process and risk management.
along with credit quality management along with maintaining the allowance for doubtful accounts at an appropriate level The Bank maintains a careful and cautious approach to managing its financial position. as well as maintaining capital and liquidity at a strong level. At the end of the third quarter of 2019, the loan to deposit ratio was 84.7 percent. In addition, on September 25, 2019, the bank issued subordinated debt instruments with a maturity of 15 years. That can be counted as Tier 2 capital under Basel III guidelines in the amount of USD 1,200 million. This supports the bank's capital structure to be more appropriate. As of 30 September 2019, the total capital adequacy ratio Common Equity Tier 1 capital ratio And the Tier 1 capital to risk-weighted assets ratio of the Bank and its subsidiaries was 20.7 percent, 17.7 percent, and 17.7 percent, respectively, which is at a level higher than the minimum capital adequacy ratio as specified by the Bank of Thailand. About preecha binmanoch Templatesyard is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design.