TMB Bank Public Company Limited Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2016
January 17, 2017 at 06:38 pm IST
Share
TMB Bank Public Company Limited announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2016. For the quarter, the company reported Net interest income of THB 6,391 million against net interest income of THB 6,015 million a year ago. Total operating income of THB 9,335 million against total operating income of THB 8,689 million a year ago. Profit before income tax expense of THB 2,586 million against profit before income tax expense of THB 3,194 million a year ago. Profit for the period of THB 2,145 million against profit for the period of THB 2,624 million a year ago. Basic earnings per share of THB 0.049 against basic earnings per share of THB 0.06 a year ago. The company announced that Interest income dropped by 0.2% Quarter on quarter and 6.3% year on year to THB 8,777 million. Such a decrease was due to lower yield on earning assets, in line with the market interest rate trend.
For the period, the company reported Net interest income of THB 24,761 million against net interest income of THB 23,220 million a year ago. Total operating income of THB 35,223 million against total operating income of THB 33,450 million a year ago. Profit before income tax expense of THB 9,984 million against profit before income tax expense of THB 11,504 million a year ago. Profit for the period of THB 8,244 million against profit for the period of THB 9,351 million a year ago. Basic earnings per share of THB 0.188 against basic earnings per share of THB 0.213 a year ago. The company announced that Interest income declined by 2.2% year on year to TH B35,631 million. The decrease was due mainly to lower interest income on investment. Interest income on loan, however, grew by 1.6% year on year from growth in performing loan.
TMBThanachart Bank Public Company Limited (the Bank) is a Thailand-based company engaged in commercial banking businesses. The Bankâs subsidiaries are engaged in the provision of asset management and brokerage services. The Bankâs segments include Commercial Banking, and Retail Banking. The Commercial Banking segment includes Wholesale Banking and Small Enterprise. Wholesale Banking serves large-sized and medium-sized business customers. The main products and services are corporate loans, letters of guarantee, deposits, trade finance and foreign exchange, supply chain solutions, financial management, and other financial services. Small Enterprise serve small-size business customers. The main products and services are corporate loans, deposits and bancassurance. The Retail Banking segmentâs main products and services are deposits, housing loans, hire purchases, finance leases, personal loans, card services, bancassurance and mutual funds, and foreign currency services.