Post by account_disabled on Dec 28, 2023 10:18:10 GMT
In 2019, the Thai economy expanded at a lower rate compared to the previous year. from decreased exports This causes industrial production and investment to decrease as well. This is a result of the world economy slowing down. the uncertainty of international trade relations; and the value of the baht that strengthened more than expected Meanwhile, domestic consumption slowed due to structural problems such as high levels of household debt and a rapidly aging society. In addition, government spending expanded less than expected due to delays in approving the annual budget.
2020 2019 net profit increased 1.4 percent amid B2B Email List economic challenges. Bangkok Bank and its subsidiaries reported net profit attributable to the bank in 2019 of 35,816 million baht, an increase of 1.4 percent from the previous year amid economic challenges. Net fee and service income increased by 3.3 percent as a result of increased loan granting fees. This, together with the growth in fees from bancassurance and mutual fund services, is in line with the bank's strategic intent. Net interest income decreased slightly. The net interest margin was 2.35 percent. Other operating income increased 52.3 percent from net profits from investments. Although non-performing loans remained stable The bank has set aside a special increase in bad debt and doubtful debt expenses this year.
To strengthen the bank's reserve level even more in accordance with the principle of caution. Before stepping into the new accounting regulations, which is expected to have a reduced reserve ratio. Operating expenses decreased slightly by 0.4 percent from the previous year, while the expense-to-income ratio remained at a good level at 41.1 percent. The bank's financial position and capital are strong. At the end of December 2019, the bank had loans totaling 2,061,309 million baht, an increase of 3.0 percent from the end of September 2019 due to an increase in all loan groups. The ratio of non-performing loans to total loans stood at 3.4 percent, while the bank's reserves remained strong at 220.2 percent of non-performing loans.
2020 2019 net profit increased 1.4 percent amid B2B Email List economic challenges. Bangkok Bank and its subsidiaries reported net profit attributable to the bank in 2019 of 35,816 million baht, an increase of 1.4 percent from the previous year amid economic challenges. Net fee and service income increased by 3.3 percent as a result of increased loan granting fees. This, together with the growth in fees from bancassurance and mutual fund services, is in line with the bank's strategic intent. Net interest income decreased slightly. The net interest margin was 2.35 percent. Other operating income increased 52.3 percent from net profits from investments. Although non-performing loans remained stable The bank has set aside a special increase in bad debt and doubtful debt expenses this year.
To strengthen the bank's reserve level even more in accordance with the principle of caution. Before stepping into the new accounting regulations, which is expected to have a reduced reserve ratio. Operating expenses decreased slightly by 0.4 percent from the previous year, while the expense-to-income ratio remained at a good level at 41.1 percent. The bank's financial position and capital are strong. At the end of December 2019, the bank had loans totaling 2,061,309 million baht, an increase of 3.0 percent from the end of September 2019 due to an increase in all loan groups. The ratio of non-performing loans to total loans stood at 3.4 percent, while the bank's reserves remained strong at 220.2 percent of non-performing loans.