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BANKING

KK performs impressively in Q2



Kiatnakin Bank showed the 142.5 per cent annualised increase in its second quarter net profit, thanks mainly to the Bt228 million gain from assets sale.

 

 In a statement to the Stock Exchange of Thailand, the bank also attributed the better performance to the 51.2 per cent annualised increase in stock broking business as well as cost controlling measures which reduced its non-interest expenses by 3.1 per cent on year.

 KK saw its interest spread widen from 4.2 percentage points in the first quarter to 4.8 percentage points in the second quarter.

                        

                     

The bank posted the consolidated quarterly net profit of Bt607.6 million, compared to Bt250.53 million in the sme period last year. The non-consolidated profit was Bt188.4 million, compared to Bt99.9 million.

                         



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