TCAP’s 1Q19 Profit Hikes 6% from 30% Decrease of Impairment Loss of Loans/Debt

Thanachart Capital Public Company Limited (TCAP) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

In the first quarter of 2019, TCAP’s net profit was THB 2,015.67 million, an increase of THB 117 million or 6.16% from the same quarter last year. This is mainly due to the decrease of impairment loss of loans and debt securities expenses by 30.75%.

Meanwhile, net interest income increased by 6.25% from loan growth and widened spread, and operating expenses decreased by 7.13%, due to an effective cost management.