TBANK announced its operating results for the first quarter of 2016. For a fifth consecutive quarter the operating results of Thanachart Bank and its subsidiaries have improved quarter over quarter.. Mr. Somjate Moosirilert, CEO and President of TBANK stated that 'These strong results for TBANK and its subsidiaries in our first quarter have contributed to a further reduction in the NPL Ratio to 2.70%, as well as a decline in loan loss provisions. This helped increase the net profit for another quarter. The net profit of TBANK and its subsidiaries in the first quarter of 2016 amounted to 2,844 million baht, an increase of 2.78% from the previous quarter (q-q) and an increase of 11.05% from the same quarter last year (y-y). Net profit of TBANK and its subsidiaries has steadily improved for every quarter of last year and that strong momentum has carried through to a 5th consecutive growth in this first quarter. Moreover, the consolidated Coverage Ratio improved to 121.91% while the Bank only Coverage Ratio was at 130.10%. Our success in strengthening asset quality resulted in stronger NPL and Coverage Ratios, paving the way for a solid performance both in net profit and capital as reflected in the BIS ratio of 18.22%. TBANK continues to exhibit well-rounded improvement in all areas.'

Mr. Somjate Moosirilert also added that 'In the upcoming second quarter, TBANK plans to launch a variety of new products including life insurance, non-life insurance, securities, mutual fund, as well as its new mobile application service. This application will enable customers to bank wherever and whenever they want 24/7 via their mobile phone. The official launch is expected in the second quarter of 2016, marking the beginning of a digital era where technology plays a large role in enhancing customer support and providing a full range of fast, secure, and convenient services. In this new digital age, where lifestyles are more demanding and dynamic than ever before, TBANK is ready to serve our customers and would like to invite everyone to experience our application together.

Thanachart Capital pcl issued this content on 19 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 April 2016 05:09:10 UTC

Original Document: http://tcap.listedcompany.com/news.html/id/521131