Stock dimension – In the first quarter of 2023, the Thai economy is likely to continue to expand. The main factor is an increase in the number of foreign tourists. This has resulted in increased employment and private consumption. meanwhile Exports began to show some signs of recovery from contractions in the previous period. However, going forward, the Thai economy still faces risks from the global economic slowdown. The inflation rate remained at a high level. Protracted geopolitical conflict and situations of financial institution problems in major economic countries. which is an important factor that must be monitored closely
Under the uncertain economic direction Bangkok Bank continues to operate according to the principles cautiousness Give importance to risk management. along with maintaining financial stability, liquidity and capital fund at an appropriate level. The Bank attaches great importance to taking close care of its customers. as well as giving advice on how to adjust the business model according to the changing market trends. both in terms of digital technology, innovation of the future world Including environmental, social and governance. to create opportunities for strong and sustainable business growth under the spirit of being “Best friend, best friend”
Bangkok Bank reports net profit for the quarter 1 year 2023 amount 10,129 million baht
Bangkok Bank and its subsidiaries reported a net profit of 10,129 million baht for the first quarter of 2023, an increase from the fourth quarter of 2022, with net interest income at the same level as the previous quarter. from higher interest income following interest rate increases This was offset by higher interest expenses from interest rate hikes. Deposits and Contributions to the Financial Institutions Development Fund to the original level of 0.46 percent per year and the net interest spread was at 2.84 percent. Mainly from adjusting the fair value of financial instruments according to market conditions. and net fee and service income increased slightly. The operating expenses to income ratio decreased to 46.8 percent. The Bank set aside provisions for expected credit losses of Baht 8,474 million, taking into consideration the uncertainties in the global economy that may affect the Bank’s financial performance. Thai economy in the future
Bangkok Bank continues to conduct its business with caution and prudence. as well as maintaining financial stability, liquidity and capital fund at an appropriate level. for stable and sustainable growth
As of the end of March 2023, the bank’s loans totaled 2,640,090 million baht, a slight decrease of 1.6 percent from the end of 2022, mainly from corporate and international loans. The credit-impaired loans to total loans ratio remained manageable at 3.1 percent, as the Bank continued to adhere to the prudent and prudent provisioning principle. As a result, the credit loss allowance to credit-impaired loans remained strong at 265.1 percent.
The bank’s deposits at the end of March 2023 amounted to 3,205,989 million baht, similar to the end of 2022, and the loan to deposit ratio stood at 82.3 percent. Tier 1 capital adequacy ratios and Common Equity Tier 1 capital adequacy ratios of the Bank and its subsidiaries were 19.2 percent, 15.7 percent and 14.9 percent, respectively, which were higher than the capital adequacy ratio. minimum as specified by the Bank of Thailand
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