Bangkok: Bank Group Gradually announced operating results 66, with the majority of profits increasing from an increase in interest income that moved with the market, with BBL's profits growing 42 percent. Bank of Ayudhya Public Company Limited and its subsidiaries Reported operating results for 2023 showed a net profit of 32.93 billion baht, growing 7.2% from the previous year. This was supported by an increase in net interest income and net fee and service income from the overseas consumer loan business. combined with provisions set according to a strict and careful risk management policy to strengthen asset quality, while the bank's total loans grew 3.5% in 2023 or amounted to 67,795 million baht, the net interest margin (NIM) increased to 3.91% from 3.45% in 2022, with the main factor being an increase in the rate of return on assets that has improved. The supporting factor comes from the merger of consumer finance businesses abroad. Even though financial costs will increase Mr. Kenichi Yamato, President and Chief Executive Officer Bank of Ayudhya Public Company Limited said that in 2023, the overall Thai economic situation will continue to grow continuously. Although the growth is slower than expected due to weak international demand and a domestic recovery that does not cover all industries, however, although the economy is likely to grow up to 3.4% in 2024, due to social and economic challenges current economy Especially small consumers and SME entrepreneurs who are affected by structural changes. Krungsri has therefore set a mission for this year. By accelerating efforts to help these vulnerable customers continuously. To be able to adapt and develop oneself further and seriously help alleviate the country's chronic debt problem. Reinforcing the principles of commercial banking that stands for Krungsri's sustainability. Including the implementation of the Bank of Thailand's guidelines for responsible and fair lending. Bangkok Bank (BBL) ) and its subsidiaries reported a net profit for 2023 of 41,636 mil lion baht, an increase of 42.1 percent from the previous year from an increase in net interest income of 28.0 percent, with the rate of return on assets that creates increased income in line with the interest rate environment net of the cost of deposits that gradually increased from An increase in deposit interest rates Including adjusting the rate of money sent to the Fund for Rehabilitation and Development. The financial institution system returned to its original level since the beginning of 2023, resulting in the net interest margin at 3.02 percent. Net fee and service income decreased slightly. from the securities business according to the trading volume in The stock market decreased The Bank has continued to set aside provisions with caution. In the fourth quarter of 2023, the Bank set the expected credit losses to decrease by 18.1 percent from the previous quarter. As a result, credit losses expected to occur in 2023 amount to 33,666 million baht, which is at a level similar to the previous year. We c ontinue to conduct business with care and caution. as well as maintaining stability in the financial position, liquidity, and capital funds at appropriate levels. for stable and sustainable growth CIMB Thai Bank announced a net profit for 2023 of 1,605.3 million baht, a decrease of 44.9%, operating income of 13,771.6 million baht, an increase of 1.3%, net interest income increased by 163.3 million baht or 1.7%. Paul Wong Chee Kin, President and Chief Executive Officer of CIMB Thai Bank, revealed that the banking group's performance For the year ended December 31, 2023, operating income was 13,771.6 million baht, an increase of 170.9 million baht or 1.3 percent, mainly due to an increase in other income of 10.5 percent and net interest income of 1.7 percent. Net with a 17.9 percent decrease in net fees and service income, operating profit before expected credit losses decreased 10.6 percent to 5,138.3 million baht due to operating expenses. Increased 10.0 percent. Net profit amounted to 1,605.3 million baht, decreased 44.9 percent because operating expenses grew higher than the growth of operating income. In addition, expected credit losses increased by 48.5 percent. This was an increase in provisions to be in line with the bank's cautious principles and appropriate to the current economic situation. While the ratio of net interest income to average assets (Net Interest Margin - NIM) for 2023 is at 2.6 percent, decreased from the same period in 2022 at 2.7 percent as a result of increased financial costs, while loans Non-performing loans (NPLs) were at 8.2 billion baht, the ratio of non-performing loans to total loans stood at 3.3 percent, stable compared to December 31, 2022, as a result of the Bank Group having a tight credit risk management policy. Effective risk management measures Including improving the guidelines for debt collection from existing non-performing loans. and continuously solving the problem of non-performing loans Source: Thai News Agency