Net Fee and Service Income Keeps BBL’s 3Q19 Profit Higher at 4.5%

Bangkok Bank Public Company Limited (BBL) has reported its 3Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

For the third quarter of 2019, BBL posted a net profit of 9,438 million baht, an increase of 4.5% from the third quarter of 2018. It was mainly from an increase of 9.6% in net fees and service income, driven by higher fee from bancassurance and mutual funds according to BBL’s strategic intent. Net interest income decreased slightly by 1.7% as a result of loan contraction and the net interest margin stood at 2.35%.

Operating expense decreased marginally by 1.5% from the same quarter last year reflecting the well-disciplined on cost management. The cost to income ratio was 41.9%.

Non performing loan (NPL) at the end of September 2019 amounted to 86,221 million baht, an increase of 6,084 million baht or 7.6% from the end of December 2018. The ratio of NPL to total loans stood at 3.6%.