Bangkok Bank Public Company (BBL) Q3 2024 earnings summary

Executive summary

• Net profit for the nine-month period ended September 30, 2024, was ฿35,127 million, up from ฿33,106 million year-over-year.

• Total assets stood at ฿4,475,155 million as of September 30, 2024, compared to ฿4,514,484 million at year-end 2023.

• The review by independent auditors found the interim financial information to be prepared in all material respects in accordance with Thai Accounting Standards and Bank of Thailand regulations.

Financial highlights

• Interest income for the nine-month period rose to ฿155,628 million from ฿141,727 million year-over-year.

• Net interest income increased to ฿99,923 million from ฿95,695 million year-over-year.

• Net fees and service income reached ฿20,711 million, slightly up from ฿20,466 million year-over-year.

• Expected credit loss for the nine-month period was ฿27,204 million, up from ฿26,323 million year-over-year.

• Basic earnings per share for the nine-month period was ฿18.23, compared to ฿17.17 year-over-year.

Outlook and guidance

• The bank continues to comply with all capital adequacy requirements and maintains a strong capital position.

• Management regularly assesses capital adequacy under various scenarios to support growth strategies.