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RETAIL BANKING | Cesar Tordesillas, Thailand

Kbank 1H09 profit down to US$220.5M

Kasikornbank and its subsidiaries recorded a net profit of US$220.5 million for the first half of 2009. The said net profit is 13.83 percent lower than US$255.89 million net earning during the same period last year.The earnings per share are at US$.0923, which is down by 13.74 percent from US$.107 during the same period of the previous year.As of 30 June 2009, KBank and its subsidiaries had combined assets of US$34.885 million, loans of US$25.9 million, and deposits of US$26.7 million. Their capital adequacy ratio stood at 15.91 percent, comprising tier-1 capital of 10.39 percent and tier-2 capital of 5.52 percent, with NPL gross and NPL net at 3.74 percent and 1.91 percent, respectively.

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