TMB registers record net profit in 2012
TMB Bank showed record operating profit in 2012, with profits of Bt10.44 billion or a 36.8 per cent increase from the previous year.
President Boontuck Wangcharoen attributed the increase to a 20 per cent hike in interest income and a 25 per cent jump in fee income.
As of Dec 31, its consolidated outstanding loans stood at Bt452.7 billion, up 13.9 per cent or Bt55 billion from the previous year, thanks to loans to SMEs and big companies. Yet, consolidated non-performing loans dropped to 4.10 per cent of outstanding loans, from 5.67 per cent a year earlier, after the divestment of NPLs worth Bt5.7 billion. In 2012, TMB also set aside Bt5.29 billion as loan loss provisions, boosting the consolidated coverage ratio to 113 per cent.