TCAP’s 2018 Profit Jumps 12% to ฿7.8bln. from Higher Interest Income
TCAP grew a profit of ฿7,839 million or 12% in 2018 from higher net interest income and lower impairment loss of loans.
Thanachart Capital Public Company Limited (TCAP) has reported its 2018 consolidated financial statement through the Stock Exchange of Thailand as follows:
In 2018, net profit attributable to the Company was ฿7,839 million, an increase of ฿838 million or 11.97% from the previous year. Earning per share (EPS) was ฿6.74, an increase from ฿6.01. Return on average assets (ROAA) and return on average equity (ROAE) of TCAP’s shareholders were at 1.54% and 12.25%, respectively.
Net interest income increased by 5.47% from the expansion of loans and the widen spread which was at 2.94%. Impairment loss of loans and debt securities decreased by 23.27%. Meanwhile, NPL ratio stayed at 2.40%, stable from the end of 2017.
