KBANK opens Q2 budget with a profit of 10.7 billion baht, presses for the first 6 months, shrinks 1.22% – stock dimensions

2023-07-21 02:33:48

Stock dimension – Kasikorn Bank Public Company Limited or KBANK informed the SET that the bank’s Q2/2023 financial statement had a profit of 10,994 million baht, an increase of 1.85% compared to the same period in 2022 with a profit of 10,794 million baht and an increase of 2.36% compared to Q1/23 with a profit of 10,741 million baht as a result of the bank’s recognition of operating income increased. In particular, net interest income grew.

However, in the first half of 2023, the bank had a profit of 21,735 million baht, a decrease of 1.22% compared to the first half of 2022 with a profit of 22,005 million baht due to the management of a large business customer that began to show signs of deterioration in the previous quarter. and has reserved for credit losses completely However, in Q2/23, the bank remained strong from previous preparations, resulting in provisions in Q2/23, although at a high level similar to the previous quarter, and in line with the bank’s previous projection. to support the signs of global economic slowdown and various economic factors that resulted in the economic recovery in the country was not evenly distributed

In addition, during the remainder of 2023, although the Thai economy may support the growth direction But the overall trend remains fragile and there are still many factors to monitor. Especially political factors in the country. The new government’s economic policies signal a slowdown in the global economy. and the impact on debt quality following domestic interest rates gradually increased over the past several months.

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