TMB profits rise 25.2%

 
CEO Boontuck Wangcharoen attributed the increase to the significant rise in net interest margin (NIM). The NIM rose to 2.41 percentage points in the year, from 2.05 percentage points in 2010. Meanwhile, non-interest income also rose 14 per cent on year.

Thanks to innovative deposit products, its deposits also expanded 9.6 per cent on year, while loan grew 12.4 per cent as expected.
 
Thanks to careful asset managment, the non-performing loans also dropped Bt6.2 billion on year to Bt29.8 billion at the end of 2011. The NPL ratio to outstanding loans fell from 8.26 per cent to 5.67 per cent. Thanks to additional provision of Bt1.45 billion, loan-loss provisions reached Bt3.1 billion or 73 per cent of total NPLs.

At the end of the year, its capital adequacy ratio stood at 16.1 per cent, including 11.1 per cent in tier-1.