Mr. Pridi Daochai, Managing Director of Kasikornbank <\/span> announced that Kasikornbank has reported its operational results for the first quarter of 2017, with the bank and its subsidiaries achieving a net profit of 19.157 billion baht, which is close to the same period last year, which was 19.074 billion baht.

          Operational results for the first quarter of <\/span>2017 compared to the first quarter of 2016 <\/strong> show that the bank and its subsidiaries had a net profit of 19.157 billion baht, similar to the previous year's figure of 19.074 billion baht. Net interest income increased by 2.108 billion baht or 4.76%, with a net interest margin (NIM) of 3.42%. However, non-interest income decreased by 1.614 billion baht or 4.88%, primarily due to a decline in net income from insurance and capital market products, while net fee and service income increased compared to the same period last year. The bank also continued to set aside provisions for doubtful debts in line with economic conditions, and other operating expenses rose by 635 million baht or 2.09%, resulting in a cost-to-income ratio of 39.88%.

        Operational results for the second quarter of <\/span>2017 compared to the first quarter of 2017 <\/strong> show that the bank and its subsidiaries achieved a net profit of 8.986 billion baht, a decrease of 1.185 billion baht or 11.65% from the previous quarter, primarily due to an increase in provisions for doubtful debts in preparation for economic uncertainties. Nevertheless, the bank and its subsidiaries reported operating profit before provisions for bad debts and income tax of 23.459 billion baht, close to the previous quarter's figure of 23.381 billion baht, with net interest income increasing by 255 million baht or 1.11% and a net interest margin (NIM) of 3.43%. Additionally, non-interest income rose by 450 million baht or 2.90% from the previous quarter, mainly due to increased net fee and service income and capital market product income, while other operating expenses increased by 627 million baht or 4.12%, resulting in a cost-to-income ratio of 40.32% for this quarter.

Kasikornbank Reports First Quarter Results for <\/strong>2017<\/span> <\/strong>

          As of June 30, 2017, the bank and its subsidiaries had total assets of 2,853,339 million baht, an increase of 7,471 million baht or 0.26% from the end of 2016, primarily due to increases in interbank and money market items and loans. The ratio of non-performing loans (NPL) to total loans (%NPL gross) as of June 30, 2017, was 3.31%, compared to 3.32% at the end of 2016. The coverage ratio for provisions for doubtful debts to non-performing loans as of June 30, 2017, was 141.17%, compared to 130.92% at the end of 2016. The total capital ratio to risk-weighted assets of Kasikornbank's financial business group under Basel III guidelines as of June 30, 2017, was 17.63%, with a Tier 1 capital ratio of 15.25%.

Thank you for the information from   www.kasikornbank.com<\/a><\/p>

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