Kbank profit stays steady first half 2017

The bank’s net interest income increased by Bt2.10 billion or 4.76 per cent and net interest margin (NIM) stood at 3.42 per cent. 
However, non-interest income decreased by Bt1.6 billion or 4.88 per cent due mostly to decreases in net insurance premiums and revenue from capital market products, while net fees and service income increased from the same period of 2016.
KBank has set aside allowance for impairment loss on loans in line with economic circumstances. Other operating expenses increased by Bt635 million or 2.09 per cent, resulting in a cost-to-income ratio standing at 39.88 per cent.
Operating performance for the second quarter of 2017 compared with the year’s first quarter. KBank and its subsidiaries reported net profit of Bt8.98 billion, a decrease of Bt1.18 billion or 11.65 per cent over the previous quarter. That was mostly due to KBank setting aside a higher allowance for impairment loss on loans to reserve for future economic uncertainty. 
Operating profit was Bt23.45 billion before provision expense and income tax expense, approximate to the previous quarter profit of Bt23.38 billion. 
Net interest income increased by Bt255 million or 1.11 per cent and NIM stood at 3.43 per cent. 
Non-interest income increased by Bt 450 million or 2.90 per cent over the previous quarter. This was due mostly to increases in net fees and service income and revenue from capital market products. Other operating expenses increased by Bt627 million or 4.12 per cent, resulting in a cost-to-income ratio that stood at 40.32 per cent for the quarter.