LHFG’s 2019 Profit Edges Higher by 3.4%, NPL Drops to 1.17%!

LH Financial Group Public Company Limited (LHFG) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

LHFG reported a net profit for the year of 2019 amounting to THB 3,214.6 million, increased by 3.4% when compared to the year of 2018 at THB 3,108.2 million as a result of the increase in the net non-interest income by 51.6%.

Non-performing loans (Net) was THB 2,087.4 million, decreased by THB 547.0 million or 20.8% when compared to the year 2018. The NPL ratio (Net) was at 1.17% of total loans after deducting allowances for doubtful debts of non-performing loans, and decreased from 1.45% in 2018.