Krung Thai Bank profit up 17.4% to $167mln

Government infrastructure projects helped boost the lender’s profitability, which is $23.43mln above forecast.

Krung Thai Bank (KTB) reported a 17.4 percent rise in quarterly net profit on Wednesday, higher than expected, helped by higher net margins after rate rises plus strong growth in lending to the government.

Thailand's second-largest bank by assets said net profit for the July-September quarter was 4.99 billion baht ($167 million), up from 4.25 billion baht ($142.23 million) a year earlier and above the forecast of 4.29 billion baht ($143.57 million) from 11 analysts polled by Reuters.

The outlook for Krung Thai is positive in the last quarter and next year as it has been a key beneficiary of government infrastructure projects, while fee income has improved.

The bank has forecast loan growth of more than 10 percent this year.

View the full story in Reuters.

Follow the link for more news on

Also Read

Bangkok Bank logs net profit of $1.05b for 9M 2024

Banks face value creation challenge despite record revenues

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit