Bangkok Bank net profits go beyond Bt9 bn in third quarter
Bangkok Bank and its subsidiaries posted net profits worth Bt9.438 billion for the third quarter of this year, marking a 4.5 per cent increase from the same period last year.
The earnings were mainly from a 9.6-per-cent rise in net fees and service income, driven by higher fees from Bancassurance and mutual funds in line with the bank’s strategic intent.
Net income from interest dropped slightly by 1.7 per cent due to a contraction in loans, while the net interest margin stood at 2.35 per cent.
The bank has continued to focus on prudent control over credit underwriting and risk-management to ensure loan quality and maintain appropriate allowance for doubtful accounts.