BANGKOK Jan 17/18 Kasikornbank,
Thailand's fourth-largest lender, reported a 153 percent rise in
quarterly net profit on Friday, reflecting a low base in the
same period of 2011 when the economy was hit by severe flooding.
Kasikornbank made an October-December net profit of 7.7
billion baht ($33.59 million), up from 3.03 billion a year
earlier but down from 9.2 billion in the third quarter.
Ten analysts polled by Reuters had forecast average earnings
of 7.5 billion baht.
For 2012 as a whole, the bank reported a net profit of 35.3
billion baht, up from 24.2 billion a year earlier, due to strong
Like other Thai banks, Kasikornbank should benefit from
robust loan demand on the back of healthy growth in the economy.
It has aimed for loan growth of 9-11 percent in both 2012 and
($1 = 29.7700 Thai baht)
(Reporting by Apornrath Phoonphongphiphat; Editing by Kim