TMB’s 2Q19 Profit Falls 5% to ฿1.9bn as Non-NII Records 22% Lower!

TMB Bank Public Company Limited (TMB) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

TMB’s net profit in 2Q19 was THB 1,917 million, decreased by 5.4% YoY. For the 6-month period, net profit was recorded at THB 3,496 million, dropped by 18.8% when compared to the same period last year. TMB’s 2Q19 non-interest income was reported at THB 1,909 million, fell by 22.4%YoY while recording at THB 4,828 million, plunged 25.1% YoY for the six-month period mainly due to lower net fees and service income from Bancassurance and mutual fund sales.

As of 30 June 2019, NPL ratio on a consolidated basis was recorded at 2.74%, compared with 2.81% as of 31 March 2019 and 2.76% at the end of 2018.