KBANK’s Solid 3Q18 Operations Yield ฿9.7bln. of Profit from Investments Remeasurement
KBANK has reported its 3Q18 consolidated financial statement, showing ฿9.7 billion of profit from interest income and remeasurement of available-for-sale investments.
Kasikornbank Public Company Limited (KBANK) has announced its 3Q18 consolidated financial statement through the Stock Exchange of Thailand as follows:
The bank gained ฿9.74 billion of profit in 3Q18, increased by ฿270 million or 2.85% YOY (Year over Year), but decreased by 10.75% from ฿10.9 billion QOQ (Quarter on Quarter).
KBANK reported a profit of ฿1.3 billion from net interest income, increased by 5.4% YOY and 2.62% QOQ. However, as most of the banks had faced, KBANK net fees and service income had decreased by ฿1.3 billion or 12% YOY, but 1.43% slightly better than QOQ.
KBANK also gained a huge amount of ฿3.13 billion from remeasurement of available-for-sale investments, which was considered 170% YOY and 183% QOQ.
Non-performing loans of KBANK were increased by ฿894 million or 2.2% YOY from ฿40,254 million to฿ 41,148 million, but decreased by ฿747 million or 1.7% QOQ.