Kiatnakin Phatra Bank PCL (KKP) Q3 2024 earnings summary

Executive summary

• Interim consolidated and separate financial statements for the nine months ended 30 September 2024 were reviewed with no material misstatements found, in accordance with Thai Accounting Standard 34.

Financial highlights

• Consolidated net profit for the nine months ended 30 September 2024 was THB 3,595 million, down from THB 4,784 million year-over-year.

• Total operating income for the nine months was THB 19,989 million, compared to THB 21,808 million in the prior year.

• Basic earnings per share for the nine months was THB 4.23, down from THB 5.64 year-over-year.

• Net loans to customers and accrued interest receivables stood at THB 359,560 million as of 30 September 2024.

• Total assets as of 30 September 2024 were THB 515,628 million, down from THB 545,327 million at year-end 2023.

Outlook and guidance

• The bank continues to monitor capital adequacy and liquidity coverage ratios in line with Bank of Thailand requirements.

• No significant impact from new or amended financial reporting standards is expected.