Exim Bank reports 2.25% rise in nine-month net profit
EXPORT-IMPORT Bank of Thailand registered a net profit of Bt1.179 billion for the first nine months of this year, increasing 2.25 per cent from Bt1.153 billion in the same period last year.
At the end of September, total credit outstanding amounted to Bt73.733 billion, rising from Bt70.066 billion in the corresponding period of 2014. The proportion of non-performing loans stood at 6.49 per cent, accounting for Bt4.785 billion.
Provisions for doubtful accounts totalled Bt5.453 billion, Bt2.814 billion of which was set aside to comply with the Bank of Thailand’s regulations, representing a ratio of loan-loss provision against the BOT’s requirement of 193.79 per cent.
Kematat Saicheur, Exim Thailand’s acting president, said the bank’s core business consisted of two main facilities: financing and insurance.
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