Banks post higher quarter profits
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Thai banks reported satisfactory second-quarter financial results, thanks to an increase in interest and non-interest income.
Siam Commercial Bank showed record year-on-year second quarter net profit at Bt12.6 billion (compared to Baht 9.8 billion in the same period last year), setting a new high for the second quarter results and 28.5 per cent year-on-year profit
growth.
Kasikornbank today reported the second-quarter net profit of Bt11 billion. Its first-half net profit at Bt21 billion showed a 14.87 per cent over the same period last year.
Thanachart Bank also saw its quarterly net profit rise by 109 per cent on year to Bt4.08 billion, thanks to the extraordinary gain from the sale of its insurance business to Prudential.
