TMB Bank reported a nine-month profit of 4.41 billion baht, a big upswing from a net loss of 20.68 billion baht in the same period a year earlier.

TMB third-quarter profit totaled to 1.66 billion baht, helped by higher interest earnings and lower provision expenses.

“The net interest income and dividends rose 1.8 per cent to 12.3 billion baht, with net interest margins up to 2.7 per cent from 2.3 per cent,” said chief-executive Boontuck Wungcharoen.

TMB has total loan in September of 427.48 billion baht, down 8 per cent from a year earlier, while its non-performing loan down 7.5 per cent from the same period last year to 70.7 billion baht.

“The bank has performed well during the past nine months, reflecting its potential competitiveness in capital leveraging,” Mr. Boontuck said.

TMB shares fell 0.01 baht on Friday to 0.65 in trade worth 69.26 million baht.

In comparison, Kasikorn Bank (KBANK) reported nine-months net profits of 12.5 billion baht, up 10.26 per cent year-on-year, while Thailand’s largest bank by capital Bangkok Bank (BBL) said its expects loan growth of 7 per cent for this year.

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