Thursday, November 21, 2019

TBank announces net profit of over Bt4 bn in 3Q

Oct 18. 2019
Praphan Anupongongarch, TBank’s chief executive officer
Praphan Anupongongarch, TBank’s chief executive officer
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By THE NATION

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Thanachart Bank Plc (TBank) reported a consolidated net profit of Bt4.054 billion for the third quarter of 2019, showing 12.86 per cent improvement from the previous quarter.

Praphan Anupongongarch, TBank’s chief executive officer and president, said the bank and its subsidiaries have delivered record bottomline results in the third quarter of this year. 

For the nine months ending September 30, the bank’s consolidated net profit was Bt11.296 billion, improving 1.40 per cent year-on-year, while pre-tax earnings grew 11.40 per cent.

The continued improvement was mainly attributabed to the expansion and diversification of revenue streams, combined with prudent risk and expense management.

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