BBL's first-half earning up 13%
Bangkok Bank, Thailand's largest commercial bank, posted a 13.1 per cent increase in its first-half net profit.
The consolidated net profit rose by Bt2.24 billion to Bt19.27 billion.
"The bank delivered satisfactory first half results. Lending is continuing to grow, driven mainly by the corporate and SME sectors, which are investing to increase their production capacity or to expand their business," said Bangkok Bank President Chartsiri Sophonpanich.
At the end of June, total lending was Bt1.67 trillion, an increase of Bt62.04 billion or 3.9 per cent from the end of 2012, thanks to new loans in all customer segments - corporate, SME and consumer. Non-performing loans (NPLs) totalled Bt44.52 billion, or 2.4 per cent of outstanding loans.
On January 1, 2013 the bank adopted the Basel III capital adequacy regulations. At the end of June 2013 the bank’s capital adequacy ratio, Tier 1 capital ratio and Common Equity Tier 1 ratio, as defined by the Bank of Thailand, stood at approximately 16.4 percent, 13.9 percent and 13.9 percent, respectively.
