On October 20, ’22, Bangkok Bank Public Company Limited (BBL) revealed that Bangkok Bank and its subsidiaries had a net profit for the nine months of the year of 21,736 million baht, an increase of 7.7% from the same period last year. This was mainly due to an 18.7% increase in net interest income due to an increase in the amount of loans in line with economic growth. and the net interest spread rose to 2.28%, in line with the direction of interest rates and the bank’s liquidity management.
For non-interest income, a decrease of 21.8% was mainly due to fair value adjustments of financial instruments. which is in accordance with market conditions and net fee and service income decreased from securities business. while fee income from loan administration and increased international trade services Operating expenses increased by 4.2% on the basis of development costs and operational efficiency improvements. The cost to operating income ratio was 49.0%.
The bank set a provision for an expected credit loss of 24,733 million baht, a decrease of 4.9% from the same period last year. The bank still adheres to the principle of caution in setting aside provisions. by considering the volatility of the global economy that may affect the Thai economy in the future Bangkok Bankstill maintainfinance liquidity and capital funds to stay at a strong level Follow the guidelines of doing business with caution and prudence.
At the end of Sept. 20, the bank had loans amounting to 2,796,849 million baht, an increase of 8.1% from the end of 2021, mainly from corporate loans and foreign business loans. The ratio of credit impaired loans to total loans remained at a manageable level of 3.5%. As a result, the credit loss allowance to credit impairment ratio remained strong at 240.1%.
The bank had deposits at the end of Sept. 20 of 3,165,479 million baht, an increase of 0.3% from the end of the year 20 and a loan-to-deposit ratio of 88.4%. The Bank and its subsidiaries’ tier 1 capital adequacy ratio and equity tier 1 capital adequacy ratio of the Bank and its subsidiaries were 18.5%, 15.2% and 14.4%, respectively, which are higher than the minimum capital adequacy ratio according to the Bank and its subsidiaries. as prescribed by the Bank of Thailand
However, in 3Q22, the Thai economy continued to recover. from the gradual improvement of economic activities and from the relaxation of measures to limit travel in and out of Thailand and other countries which increased the number of foreign tourists The latest is about 1.2 million people per month.
However, policy rate hikes by central banks in many countries to keep inflation at a high level began to affect the growth of the economy and world trade. As a result, the growth rate of Thai exports during the period of July-August 65 grew by 6 percent, decreasing from the previous quarter’s growth of 11 percent.
The volatility of financial markets and the global economy going forward remains an important factor that must be closely monitored. During the period that the Thai economy continues to recover, there are still challenges from the global economy that tends to slow down. Bangkok Bank continues to closely take care of its customers, which is the heart of business operations. taking into account the congruence with the situation and the impact of each customer
In addition, the bank is ready to give advice on how to adjust the business model according to the changing trends. Under the spirit of being a good friend and friend of the house to support customers to grow sustainably At the same time, the Bank focuses on managing risks at an appropriate level. Along with maintaining financial stability, liquidity and capital funds to be at a strong level.