KRUNGSRI Group posts robust performance for last year 

The increase in net profit was attributed to higher net interest income, supported by loan portfolio expansion, and solid performance in non-interest and non-fees income, and net fees and service income. 
 The bank’s president and chief executive officer Noriaki Goto said the year 2017 marked the successful completion of Krungsri's Medium-Term Business Plan (2015-2017) with its assets exceeding the Bt2-trillion threshold, thanks to a solid financial performances. 
In 2017, lending grew by 7 per cent to a record net profit of Bt23.2 billion. Underlying its prudential risk management, asset quality remained sound with an NPL ratio reduced to 2.05 per cent, the lowest level since the Asian financial crisis.
Commenting on the overall business outlook for 2018, Goto said the Thai economy is forecast to grow steadily and become more broad-based with a GDP growth of 4.0 per cent. A sustained growth in the export and tourism sectors together with the expected acceleration of infrastructure investments will serve as key catalysts for loan growth. With a favorable operating environment together with its strategic executions under the new Medium-Term Business Plan (2018-2020), the gro
up targets a loan growth of 6 –8 per cent for the year. 
As of 31 December 2017, Krungsri, Thailand's fifth largest bank, reported Bt1.55 trillion in loans, Bt1.32 trillion in deposits, and Bt2.09 trillion in total assets. The bank's capital stood at Bt219.03 billion, equivalent to 15.65 per cent of risk-weighed assets with 11.97 per cent in common equity tier 1 capital.