Kbank earnings up 40.7%

 The third quarter net profit was Bt7.76 billion, up 6.05 per cent on quarter and 40.70 per cent on year. 
 Somkiat Sirichatchai, senior executive vice president, noted that aside from loan growth, the bank also managed to increase the net interest margin (NIM) to 3.65 per cent. T
 "Amid uncertain situation of major economies, particularly the US and the euro zone, the recovery path of Asian economies will likely face greater challenges in 2012.  For Thailand, such challenges also include severe flooding.  In order to brace for these uncertainties, our group continues to rank the ‘quality’ of our business operations as our top priority, ensuring that they are in alignment with the changing economic environment.  In our efforts, we strictly adhere to our “Customer-Centricity” strategy, wherein the needs of customers are efficiently met via a broad range products and services, and operating on a solid foundation of effective risk management and good corporate governance," he said.