TMB Shows Robust Growth of Profit at 34% to ฿11.6bln. in 2018 after NII Soars 85.3%
TMB’s non-interest income (NII) grew 85.3% in 2018, resulted in robust growth of profit for TMB to jump 33.6% in total.
TMB Bank Public Company Limited (TMB) has announced its consolidated financial statement yearly 2018 through the Stock Exchange of Thailand as Follows:
For the 12-month period, TMB’s net profit was recorded at ฿11,601 million, rose by 33.6% YoY when compared to the same period last year. Loan grew 6.6%, led by retail mortgage while total operating income rose by 28.3%, non-interest expense dropped by 1.8%. Therefore, pre-provision operating profit (PPOP) for 12 months was reported at ฿30,540 million which grew by 54.7% YoY.
Non-interest income (NII) robustly grew by 85.3%YoY to ฿23,545 million from ฿12,705 million in the same period last year, largely supported by an increase in gains on investment from selling 65% stake in TMBAM in 3Q18 and gains on trading and FX transactions.
