Kasikornbank is most profitable among Thailand's largest banks in 2014

Profit jump was an impressive 11.68%.

Thailand's top four banks by assets — Bangkok Bank PCL, Siam Commercial Bank PCL Krung Thai Bank PCL and KASIKORNBANK PCL — saw net income rise 4.4% year over year in 2014.

According to a research note from SNL Financial, the companies' combined net income attributable to parents climbed to 169.02 billion Thai baht in 2014 from 161.97 billion baht a year earlier.

Among the four banks, KASIKORNBANK reported the largest year-over-year net profit increase at 11.68%.

The bank attributed the increase to improved net interest income, which rose 14.2% to 83.13 billion baht from 72.80 billion baht in 2013.

Here's more from SNL Financial:

KASIKORNBANK outperformed its peers in profitability and net interest margin.

The bank recorded the highest return on average assets ratio at 2.14% and the highest NIM at 3.75%. The company also had the lowest nonperforming loan ratio among the group at 2.36%.

On the other hand, Krung Thai Bank had the highest NPL ratio of 2.95%.

The bank also reported a 3.81% decline in net profit, while operating income grew 1.94% during the year.

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