MONEY and Banking magazine named Siam Commercial Thailand’s Bank of the Year 2017 with Kasikornbank coming second and Bangkok Bank third, Thai News Agency said today (April 10).
The magazine also said that Thai commercial banks’ profits in 2016 totaled over 199 billion baht.
The April 2017 edition of Money and Banking magazine announced the result of its Bank of the Year 2017 rating with this comparing the operating results of 14 commercial bank in 2016.
It turned out that Siam Commercial Bank is this year’s champion because it managed to post a net profit of 47,612.23 million baht through its net interest and net fee incomes increasing while non-performing loans (NPLs) dropped to 2.67%.
Coming second is Kasikornbank with second highest net profit of 40,174.10 million baht and 16.79 baht earnings per share.
Placing third is Bangkok Bank which has the largest asset size at 2,944,229.79 million baht and highest book value per share at 194.30 baht. It posted a net profit of 31,814.84 million baht.
Two tie in the fourth place with these being Krungthai and Kiatnakin banks. Tisco Bank came sixth, Thanachart seventh, Bank of Ayudhya eight and Land and Houses ninth.
Two tie in the 10th place with these being Thai Military and ICBC, 12th is UOB, 13th Thai Credit Retail and 14th CIMB.
Top: Money and Banking magazine’s website announcing this year’s banking champion. Photo: Moneyandbanking.co.th