2022 Performance and Synergy Realization
Strengthening portfolio quality
Loan Classification (%)
Pre-Covid-19
1.60 tn
1,427 bn
Stage 1
Stage2
Stage 3
14.30%
1.50 tn
1.54 tn
1.53 tn
1,380 bn
1,373 bn
1,347 bn
89.0% Stage 1
89.8% Stage 1
8.3% Stage 2
7.4% Stage 2
89.6% Stage 1
7.7% Stage 2
89.8% Stage 1
7.5% Stage 2
2.76% Stage 3
2.81% Stage 3
2.72% Stage 3
2.73% Stage 3
132 bn
111 bn
118 bn
115 bn
44.1 bn
42.1 bn
41.9 bn
41.7 bn
Mar-20
Stage
2+3 177 bn
Dec-21
153 bn
Sep-22
Dec-22
2010
160 bn
157 bn
NPL Ratio/Stage 3
TFRS9
tub
2.98%2.81%
2.76%
2.73%
2020
2021
2022
Dec-22
•
•
•
Apart from conservative loan staging approach, we have proactively resolved NPLs to de-risk our portfolio and keep our balance sheet clean. As a result, the level of
weak loans or stage 2+3 have been under control and lower than pre-Covid 19 level.
For resolution activities, NPL value preservation is one of key factors. In 4Q22, the Bank saw market opportunities and could accelerate NPL sales from THB 0.95 bn in
3Q22 to THB 4.5 bn while write-off was relatively stable QoQ at THB 3.3 bn. Therefore, Stage 3 loans declined to THB 41.7 bn, -1.0% YTD.
NPL or stage 3 ratio was well-contained and dropped from 2.98%, a Covid-19 peak level in 3Q21, to 2.81% as of Dec-21 and to 2.73% as of Dec-22.
Note: Total loans to customers and interbank
47View entire presentation