Summary of the 2020 performance of 6 Thai banks • Thumbsup

The past year was a very difficult year for many businesses. Because the organization has to adjust to survive the COVID-19 crisis

Businesses in the banking sector were also severely affected. Both the interest cuts Moratorium According to government measures Resulting in lower income As many banks have cost-effective controls to strengthen the economy and prepare for a downturn in the economy.

Over the past week, several commercial banks have revealed their 2020 results, how much will each bank’s profit decrease? Let’s go and see.

Bangkok BankAnd its subsidiaries’ net interest income increased 8.4% from 2019 to 77,047 million baht, with net profit in 2020 of 17,181 million baht, a 52.03% decrease from year 2019 with net profit of 35,816 million baht.

Krung Thai BankNet interest income for the whole year was 88,343 million baht, stable from the same period last year. Net profit attributable to the bank was 16,732 million baht, a 42.9 percent decrease from the same period of last year.

Bank of AyudhyaAnd affiliates with total revenue of 98,868 million baht, net profit in 2020 of 23,040 million baht, a decrease of 3,901 million baht or 14.5% from year 2019 with net profit of 32,748 million baht.

Kasikorn BankAnd its subsidiaries had net interest income of 109,022 million baht, an increase of 6.17% compared to the same period last year. Net profit for the year 2020 was 29,487 million baht, a decrease of 9,240 million baht or 23.86% from the previous year.

TMB BankTotal income of 68,791 million baht, net profit 10,112 million baht, an increase of 40% from year 2019 with net profit of 7,222 million baht.

Siam Commercial BankNet interest income amounted to 96,899 million baht, down 3% from the previous year, announcing net profit for 2020 of 27,218 million baht, a 33% decrease from the previous year.