Tisco first half 2567 profit at 3,482 million baht

12 July 67 TISCO Group announces operating results for the first half of 2567 with a net profit of 3,482 million baht, a decrease of 4.5% from the same period of the previous year. From setting up reserve expenses to reserve for credit losses and increased financial costs. Amidst the challenges all around TISCO is ready to move forward in taking care and helping all customer groups closely. Along with creating financial stability for Thai people as “Your Trusted Financial Advisor”, a financial institution that you can trust.

Mr. Sakchai Peechapat, Group Chief Executive, TISCO Financial Group Public Company Limited Revealed that the Thai economy in the first half of 2567, despite support in the service sector from tourism that continues to expand The export sector shows signs of recovery. and momentum from government spending that began to accelerate after the 2567 Budget Act came into effect.

But the overall picture is still fragile and there are pressure factors in many areas. In particular, the manufacturing sector and private investment continued to expand at a low level. from structural problems and reduced competitiveness Consumer confidence has slowed due to problems with household debt and the cost of living, which has continued to remain high. Domestic new car sales shrank sharply due to deteriorating purchasing power. Including the quality of debt that tends to deteriorate.

amidst challenges In the first half of 2567, TISCO Group had a net profit of 3,482 million baht, a decrease of 4.5% from the same period of the previous year, while in the second quarter of 2, the net profit was 2567 million baht, a decrease of 1,749% from the second quarter of the previous year. page The main reason was an increase in credit loss provisions. to support economic risks and pressure on asset quality

Meanwhile, financial costs have increased in line with the rising interest rate environment. But it was also supported by the growth of business loans and title pawn loans through the expansion of Somwang Ngern Sang Dai branches. Non-interest income increased from profits from investments. Meanwhile, fees from core businesses slowed down in line with the fluctuating capital market conditions. and the sluggish insurance brokerage business

Going forward, TISCO Group continues to focus on conducting business under the strategy of "Sustainable Focus" to drive the organization towards sustainable growth. By giving importance to quality growth based on appropriate risk management. Ready to increase caution in conducting business. At the same time, we will continue to fulfill financial opportunities to create wealth and stability for our customers. along with closely monitoring customers in vulnerable groups

“For the rest of this year, TISCO Group will focus on conducting business responsibly and growing sustainably along with the economy, society and the environment. By laying down ESG in Action strategies to be consistent with work processes and business operations. Especially in the aspect of improving living standards and creating a good quality of life for society.

In the past, we have worked intensively to make Thai people “Get rid of debt and have savings” such as organizing the Smart HR Fin Coach activity to provide intensive financial knowledge tutoring to the human resources (HR) department of the employer company. which is the group of customers of TISCO Provident Fund In order to forward financial planning guidelines to a wider audience, there is also the development of tools to enhance financial skills in many forms.

Emphasis is placed on making it easy to understand, fun and practical. To be able to manage money appropriately including investment, savings, and debt in addition to existing activities Whether it's smart saving activities, smart spending activities, knowing to understand debt activities, Somwang Camp, creating opportunities, including counseling on debt consolidation to help customers have a reduced interest burden. Ready to proactively assist vulnerable customers through debt restructuring, etc.”

 Summary of financial results for the second quarter and the first half of the year 2

TISCO Group's operating results for the second quarter of 2, the company had a net profit of 2567 million baht, a decrease of 1,749% from the second quarter of 5.7. This is mainly due to increased expected credit loss (ECL) reserves to cushion against economic risks and increased non-performing loans.

Total operating income grew 5.5%, mainly due to the recognition of capital gains. and investment banking business fee income from acting as a securities underwriter. Net interest income increased 0.9% due to loan growth compared to the second quarter of the previous year.

Meanwhile, financial costs continue to increase in line with the upward trend of interest rates in the market. Fees from commercial banking and asset management businesses recovered slightly. However, securities businesses remained sluggish. This is in line with the contraction in trading value on the stock exchange. Operating expenses decreased from employee expenses and marketing expenses.

For the operating results for the first half of 2567, net profit amounted to 3,482 million baht, a decrease of 4.5% from the first half of 2566. This was due to an increase in expected credit losses (ECL). Total operating income increased 3.8% from net interest income that expanded 3.1% in line with the growth of money. give credit In addition, non-interest income improved 5.5% from profits from investments. and investment banking business fee income

Meanwhile, commercial banking business fees weakened. From the insurance brokerage business This was in line with the slowdown in new lending volumes and securities business fees decreased in line with the sluggish trading value on the stock exchange. The company has an average return on equity (ROAE) for the first half of 2567 at 16.6. %

Total loans of TISCO Group as of June 30, 2567 amounted to 233,448 million baht, a decrease of 0.6% from the end of 2566. The main reason is the slowdown in hire purchase loans. This is in line with the contraction in domestic car sales. Meanwhile, business loans, SME loans, and title pawn loans continue to expand. but growing at a slower rate

In the past The company has increased caution and prudence in granting new loans amidst the high level of household debt. Non-performing loans (NPLs) at the end of the quarter were 2.4% of total loans. Increased from the end of the previous year This is a result of the expansion of credit to groups with high rates of return. and the impact from the slow economic recovery The company focuses on closely following up and collecting debts. Including implementing a strict risk management and reserve policy. and has a credit loss reserve level to non-performing debt (NPL Coverage Ratio) of 162.7%.

TISCO Bank maintains strong capital position The capital adequacy ratio to risk-weighted assets (BIS Ratio) is estimated at 20.6%, higher than the minimum capital adequacy ratio of 11.0% required by the Bank of Thailand. and has Tier 1 and Tier 2 capital ratios to risk-weighted assets of 18.6% and 2.0% respectively.