THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED Net interest income in 3Q17 was at Baht 23,272 million, an increase of 4.8% yoy, driven primarily by loan growth of 4.3% yoy.
Non-interest income was at Baht 11,419 million in 3Q17, down by 4.6% yoy as a result of lower gains on investment and lower net insurance premiums despite an increase in both net fee income and net trading and FX income.
The non-performing loan ratio increased to 2.75% in 3Q17 from 2.65% at the end of 2Q17. Loan loss provisions were set at Baht 7,554 million or 1.52% of total loans in this quarter, improving the Bank's coverage ratio to 136.4% at the end of 3Q17 from 133.5% at the end of 2Q17.
President and Chief Executive Officer Arthid Nanthawithaya remarked, 'The Bank will continue to run the business with prudence as evident by our strong capital position and high level of loan loss reserves. In the third quarter, the Bank delivered a more convenient banking experience for customers by introducing an 'SCB Easy Application' mobile app to facilitate regular banking transactions, a payoff for the Bank's investment in technology. The Bank will continue to roll out new features with innovative offerings for greater convenience for our customers and ensure their confidence in using the Bank's products and services. The Bank believes that such factors will contribute to sustainable growth in the long run.'
SCB - Siam Commercial Bank pcl published this content on 20 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 October 2017 04:01:05 UTC.
Original documenthttp://www.scb.co.th/en/news/2017-10-20/nws-announces-3Q17
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