TCAP 3Q18 Grows Steadily, Booking ฿1.8bln. from Interest Incomes and Service Fees

Thanachart Capital Public Company Limited (TCAP) has announced was 3Q18 consolidated financial statement through the Stock Exchange of Thailand as follow:

In the third quarter of 2018, net profit attributable to TCAP is 1,870 million baht, decreased by 8.82% QoQ, but increased 4.52% YoY.

In 3Q18, TCAP net interest income grew from 11,542 million baht to 11,742 million baht, increased by 200 million baht or 1.73% when compared to 2Q18. Meanwhile, net fees and service income also increased by 71 million baht or 4.52%, from 1,572 million baht to 1,643 million baht when compared to 2Q18.

Moreover, in 3Q18, TCAP had increased Non-performing Loans (NPLs) from 19,511 million baht in the second quarter of 2018 to 19,967 million baht in the third quarter under the market and economic conditions that continued to gradually recover, however, TCAP still placed strong emphasis on managing NPLs through systematic and effective control.