Post by account_disabled on Jan 6, 2024 8:05:38 GMT
Miss Khattiya Inthawichai, Managing Director Kasikorn Bank revealed that the Thai economy in the second quarter of 2019 has not recovered much. This compares to an expansion of 2.80 percent in the first quarter of 2019, as the export and tourism sectors continue to face pressure from the trend of economic slowdown in trading partners and the world economy. Amidst the protracted situation of trade negotiations between the United States and China, however, overall private consumption is still able to sustain its growth direction. But we still need to monitor the debt situation and the recovery of household income. Including the overall picture of the Thai economy in the second half of the year. The Bank and its subsidiaries had a net profit for the first half of 2019 of 19,973 million baht and a net profit for the second quarter of 2019 of 9,929 million baht.
Performance for the first half of 2019 compared to the first half of 2018, the Job Function Email Database Bank and its subsidiaries The subsidiary had a net profit of 19,973 million baht, a decrease of 1,709 million baht or 7.88% from the same period last year. Net interest income increased by 2,960 million baht or 6.16%, mainly due to interest income from loans. and investment As a result, the net interest margin (NIM) was at 3.30%, while non-interest income decreased by 5,475 million baht or 17.46%, mainly as a result of net income. from insurance underwriting and income from capital market products decreased Including the cancellation of fees for transferring money via digital channels. In addition, under the economic slowdown which affects the bank's income. The Bank therefore tried to control expenses from other operations. As a result, other operating expenses increased by 1,087 million baht or 3.33%, even though there was an increase in employee retirement provisions due to changes in benefits. of employees according to the Bank's specific employment policy that is not related to labor law.
As a result, the ratio of other operating expenses to net operating income (Cost to income ratio) was at the level of 43.89%. Operating results for the 2nd quarter of 2019 compared to the 1st quarter of 2019, the bank and The subsidiary had a net profit of 9,929 million baht, a slight decrease from the previous quarter of 115 million baht or 1.15%. Net interest income increased by 518 million baht or 2.05%, mainly due to interest income from investments. As a result, the net interest margin (NIM) was at 3.34%. In addition, non-interest income increased by 1,392 million baht or 11.38%, which was mainly due to net income from Get insurance and income from capital market products Including net fees and service income increased. Other operating expenses increased by 1,731 million baht or 10.81%, partly due to marketing expenses. and provision for retirement of employees As of 30 June 2019, the Bank and its subsidiaries Total assets were 3,256,294 million baht, an increase of 101,203 million baht or 3.21% from the end of 2018, most of which was an increase in net investments.
Performance for the first half of 2019 compared to the first half of 2018, the Job Function Email Database Bank and its subsidiaries The subsidiary had a net profit of 19,973 million baht, a decrease of 1,709 million baht or 7.88% from the same period last year. Net interest income increased by 2,960 million baht or 6.16%, mainly due to interest income from loans. and investment As a result, the net interest margin (NIM) was at 3.30%, while non-interest income decreased by 5,475 million baht or 17.46%, mainly as a result of net income. from insurance underwriting and income from capital market products decreased Including the cancellation of fees for transferring money via digital channels. In addition, under the economic slowdown which affects the bank's income. The Bank therefore tried to control expenses from other operations. As a result, other operating expenses increased by 1,087 million baht or 3.33%, even though there was an increase in employee retirement provisions due to changes in benefits. of employees according to the Bank's specific employment policy that is not related to labor law.
As a result, the ratio of other operating expenses to net operating income (Cost to income ratio) was at the level of 43.89%. Operating results for the 2nd quarter of 2019 compared to the 1st quarter of 2019, the bank and The subsidiary had a net profit of 9,929 million baht, a slight decrease from the previous quarter of 115 million baht or 1.15%. Net interest income increased by 518 million baht or 2.05%, mainly due to interest income from investments. As a result, the net interest margin (NIM) was at 3.34%. In addition, non-interest income increased by 1,392 million baht or 11.38%, which was mainly due to net income from Get insurance and income from capital market products Including net fees and service income increased. Other operating expenses increased by 1,731 million baht or 10.81%, partly due to marketing expenses. and provision for retirement of employees As of 30 June 2019, the Bank and its subsidiaries Total assets were 3,256,294 million baht, an increase of 101,203 million baht or 3.21% from the end of 2018, most of which was an increase in net investments.