Predee Daochai, president of the KBank, said it had set aside a high allowance for loan loss provisions to be prepared for uncertainties due to the economic slowdown. The bank and its subsidiaries set aside an allowance of Bt33.75 billion, up by 27.96 per cent from Bt26.37 billion in the year before. KBank, the country’s fourth-largest bank, reported gross non-performing loans of 3.32 per cent in 2016, up from 2.70 per cent in 2015. Lending growth supported net interest income, for which the bank recorded growth of 5.5 per cent to Bt89.67 billion. Non-interest income increased slightly, by 1.96 per cent, to Bt63.72 billion mainly on a significant drop in net income from insurance premiums.

Source: The Nation Bangkok January 18, 2017 05:44 UTC