Financial Analysis Presentation
Despite intensified Covid-19 outbreak and the lockdown measure in many areas, retail fee
income improving
tub
Total Non-Interest Income (Non-NII)
Breakdown Strategic Non-NII Products
THB billion
Bancassurance fee
THB million
1,514
1,388
1,083
1,224
1,238
3,686
3,850
10,689
10,175 -5% YoY
Mutual fund fee
1,088
560
704
2,015
3,084
2,687 -13% YoY
447
479
1,549
TF and FX fee
280
313
383
420
349
1,026
1,152
FX
262*
TF
-1% QoQ,
+3% YoY
LG fee
Total Non-NII
-2% YoY
2,984
3,118
3,086
7,605
7,488
131
135
132
137
132
381
402
352
-10% QoQ,
Other Non-NII
919
829
+135% YoY
Net fee &
service income
+3% QoQ,
2,633
Loan-related fee
53
69
2,198
2,257 -14% YoY
43
55
55
172
180
3Q20
4Q20
1Q21
2Q21
3Q21
9M20
9M21
3Q20
2Q21
3Q21
9M20
9M21
Prelim data
.
Non-interest income in 3Q21 was slightly down QoQ from non-core revenue (lower
gain from FVTPL and dividend income) which offset the improvement in retail fees.
The YoY improvement was mainly from low base in 3Q20 in non-core revenue.
9M21 Non-NII was weighted down from both fee income and other operating income.
Despite lockdown measure in many areas, fee income from retail businesses gradually
improved QoQ on the back of mutual fund fee. The contraction in auto BA fee was from lower
new booking QoQ due to auto supply chain disruptions.
MF fee increased mainly from high fee sale volume as global equity advanced during
the quarter, supporting investment sentiment. We also introduced SCBAM as our new
partner to our open architecture in August.
➤ BA fee was relatively flat, dragged down by auto BA fee.
Commercial fee remained flat QoQ
*after reclassification, THB 262 mn was reported as FX revenue in 2Q21 (down approx. 83 mn)
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