trending Market Intelligence /marketintelligence/en/news-insights/trending/dwZleuwPxyhgJDS958lZQQ2 content esgSubNav
In This List

KASIKORNBANK Q2 net profit slides 17.87% YOY as loan losses grow


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Banks’ Response to Rising Rates & Liquidity Concerns

KASIKORNBANK Q2 net profit slides 17.87% YOY as loan losses grow

KASIKORNBANKPCL reported a 17.87% year-over-year decline in second-quarter netprofit, as loan losses grew.

Consolidated net profit attributable to equity holders forthe quarter ended June 30 fell to 9.43 billion baht from 11.48 billion baht forthe prior-year period. Basic EPS fell to 3.94 baht from 4.80 baht.

Net interest income for the second quarter rose to 22.12billion baht from 21.12 billion baht. The net interest margin narrowed to 3.49%from 3.62% for the first quarter and from 3.59% for the prior-year period.

Net fee income fell to 9.41 billion baht from 9.55 billionbaht. Net total operating income slipped to 37.67 billion baht from 37.76billion baht in the prior-year period.

Impairments of loans and debt securities increased to 8.72billion baht from 6.04 billion baht. The net nonperforming loan ratio rose to1.54% as of June 30 from 1.48% three months earlier and from 1.36% as of Dec.31, 2015. The gross NPL ratio climbed to 2.89% from 2.81% at the end of Marchand from 2.70% at the end of 2015.

For the six months to June 30, consolidated net profitattributable to shareholders slid to 19.07 billion baht, or 7.97 baht per basicshare, from 23.88 billion baht, or 9.98 baht per basic share.

As of June 30, the capital adequacy ratio was 18.12%, downfrom 18.36% as of March 31 and up from 18.00% as of Dec. 31, 2015. The Tier 1capital adequacy ratio fell to 14.69% from 14.88% as of March 31 and from14.53% as of Dec. 31, 2015.

As of July 21, US$1was equivalent to 34.99 Thai baht.