TMBThanachart announced an interim dividend payment of 0.05 baht per share, totaling 4.8 billion baht, an increase of approximately 150% from the previous interim, reflecting the Bank's post-merger strengths.

Mr.Piti Tantakasem, CEO of TMBThanachart, mentioned "On the grounds of overall improvement in the first-half operating performance together with a robust capital level, the Bank has increased an interim dividend payment to 0.05 baht per share or equivalent to 4.8 billion baht in total, an increase of approximately 150% compared to an interim dividend payment of 0.02 baht per share or totaling 1.9 billion baht in the previous year.

Such an interim level represents a Dividend Payout Ratio (DPR) at 55% of the six-month net profit, which is higher than an interim Dividend Payout Ratio of 29% in the previous year, and this is one of the highest payout rates among banking stocks. In addition, this reflects the Bank's commitment to generate quality growth to increase shareholders' value through the consistent dividend stream as well as positive share price performance, boosted by financial results that have been delivered as targeted."

On a side note, TMBThanachart reported net profit of THB 8,861 million for the first half of 2023, an increase of 34% from the same period last year. Asset quality was well under control, with NPL ratio at 2.63%, lower than industry average. Capital level remained robust with high CAR ratio at 20% level.

• ข่าวThanachart Bank
• ข่าวo:editor
• ข่าวo:fin
• ข่าวo:loc
• ข่าวen