BBL's quarterly profit up 21%
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Bangkok Bank's third-quarter net profit rose 21 per cent on year to Bt8.95 billion.
This boosted the nine-month net profit by Bt3.8 billion or 15.5 per cent to Bt28.2 billion.
In a statement, the largest Thai commercial bank said that the nine-month net interest income rose by Bt853 million. Non-interest income rose by Bt4.4 billion and operating expenses
increased by Bt324 million.
The bank’s continued growth was due to its strategy of focusing on working closely with customers and offering, in a timely fashion, products and services appropriate to the needs of all customer segments," it said.
Lending has continued to grow for all customer segments – corporate, SME and consumer. At the end of September 2013, total lending was Bt1.685 trillion, an increase of Bt81.0 billion or 5.1 per cent from the end of 2012.
