BBL Records 72% Increase in 3Q21 Earnings as NII Rises and ECL Drops
BBL reported a net profit of 6,909 million baht in 3Q21, increased 71.98% YoY, due to an increase in net interest margin and lower ECL.
Bangkok Bank Public Company Limited (BBL) has announced its 3Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
BBL reported a net profit of 6,909 million baht in 3Q21, increased 71.98% from a net profit of 4,017 million baht in 3Q20. Net interest income rose by 3.4% from higher loan and investment volume, while non-interest income was at nearly the same level as the previous quarter. Operating expenses declined slightly due to seasonality, while expected credit losses were at the same level as the previous quarter, but dropped by 74% from 3Q20.
Non-performing loan (Gross NPL) at the end of September 2021 were 112,433 million baht. The gross NPL to total loans ratio was 3.7%. The allowance for expected credit losses was 223,645 million baht and the allowance for expected credit losses to NPL ratio was 198.9%.
