Reuters logo
Thai Kasikornbank 2013 net profit up 17 pct
January 16, 2014 / 10:32 AM / 4 years ago

Thai Kasikornbank 2013 net profit up 17 pct

BANGKOK, Jan 16 (Reuters) - Thailand’s fourth-largest lender, Kasikornbank, reported a 17 percent rise in 2013 net profit on Thursday due mainly to continued loan growth.

The bank reported 2013 net profit of 41.3 billion baht ($1.26 billion) versus 35.3 billion baht in 2012. That was in line with the 41.3 billion baht forecast by Thomson Reuters I/B/E/S.

Kasikornbank posted an October-December net profit of 9.53 billion baht, up from 7.69 billion baht a year earlier.

The bank has cut its 2014 loan growth target to 9 percent from 9-11 percent because the country’s economy looks like growing less than expected, hit by a continuing political crisis.

($1 = 32.8650 Thai baht)

Reporting by Khettiya Jittapong

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below