KBANK’s 3Q19 Profit Edges Higher from Gain on Investment and Lower Expenses!

Kasikornbank Public Company Limited (KBANK) has reported its 3Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

KBank reported a net profit of 9,951 million baht, a slight increase from the 3Q18 by 2.13% mainly from gain on investment that booked 2,720,957,000 baht in 3Q19 while an amount of 723,756 baht was recorded in 3Q18. Meanwhile, total expenses of KBANK decreased to 15,442,119,000 baht in 3Q19 while in 3Q18 the total expenses was recorded at 16,203,823,000 baht.

NPL gross to total loans as of 30 September 2019 stood at 3.53% while at the end of 2018 this stood at 3.34%. Coverage ratio as of 30 September 2019 stood at 153. 58%, while at the end of 2018 this stood at 160.60%.