Kasikornbank Public Company Limited reported un-audited consolidated and company earnings results for the fourth quarter and year ended December 31, 2015. For the year, the consolidated company reported net profit attributable to equity holders of the bank of THB 39,473.6 million or THB 16.49 per basic share compared to THB 46,153.4 million or THB 19.28 per basic share in last year. Interest income was THB 114,353.8 million compared to THB 113,578.4 million, total operating income – net was THB 147,515 million compared to THB 138,656 million for the last year. Return on average assets was 1.60% compared to 1.97% and return on average equity was 14.54% compared to 19.38% for the last year. Net profit decrease of THB 6,679 million or 14.47% over the previous year because KBank has set aside higher allowance for impairment loss on loans amounting to THB 12,134 million in this year, and there was an extraordinary expense due to setting the allowance for impairment on application software amounting to THB 2,314 million in order to manage cost of information technology system more efficiently in the long term. Interest income – net was THB 85,012.4 million compared to THB 83,132.2 million, total operating income was THB 220,554.5 million compared to THB 199,974.7 million and operating profit before income tax expense was THB 54,481.7 million compared to THB 62,993.8 million for the last year.

For the quarter, the consolidated company reported net profit attributable to equity holders of the bank of THB 5,477 million or THB 2.29 per basic share compared to THB 9,967 million or THB 4.16 per basic share in last year. Interest income – net was THB 21,824 million compared to THB 21,765 million, total operating income – net was THB 36,355 million compared to THB 35,709 million for the last year. Return on average assets was 0.86% compared to 1.66% and return on average equity was 7.73% compared to 15.76% for the last year. Net profit decrease of THB 4,640 million or 45.87% from the previous quarter because KBank had an extraordinary expense due to setting the allowance for impairment on application software and set aside higher allowance for impairment loss on loans. However, net interest margin (NIM) stood at 3.66% increasing from the previous quarter. Interest income was THB 28,647.5 million compared to THB 29,450.5 million, total operating income was THB 55,586.4 million compared to THB 50,346.4 million and operating profit before income tax expense was THB 7,695.7 million compared to THB 13,742.5 million for the last year.

For the year, the company reported net profit attributable to equity holders of the bank of THB 34,400.7 million or THB 14.37 per share compared to THB 42,522.3 million or THB 17.77 per share in last year. Interest income was THB 101,107.6 million compared to THB 102,717.8 million, interest income – net was THB 71,879.6 million compared to THB 72,246.0 million, total operating income was THB 126,699.7 million compared to THB 120,452.8 million, total operating income – net was THB 126,699.7 million compared to THB 120,452.8 million and operating profit before income tax expense was THB 42,138.6 million compared to THB 52,592.1 million for the last year.

For the quarter, the company reported interest income of THB 25,077.9 million compared to THB 26,514.8 million, interest income – net of THB 18,286.5 million compared to THB 18,817.9 million, total operating income of THB 31,783.0 million compared to THB 31,227.7 million, total operating income – net of THB 31,783.0 million compared to THB 31,227.7 million, operating profit before income tax expense was THB 5,410.8 million compared to THB 11,571.2 million and net profit attributable to equity holders of the bank of THB 4,416.2 million or THB 1.85 per basic share compared to THB 9,428.2 million or THB 3.94 per basic share in last year.