Financial Analysis Presentation
Prudent actions to strengthen portfolio quality
Loan Classification (%)
NPL Ratio/Stage 3
Pre-Covid-19 19
1.60 tn
1,427 bn
Stage 1
Stage2
Stage 3
14.3%
1.50 tn
1.49 tn
1,346 bn
1,328 bn
89.0% Stage 1
89.5% Stage 1
89.1% Stage 1
8.3% Stage 2
7.6% Stage 2
7.9% Stage 2
2.76% Stage 3
2.89% Stage 3
2.98% Stage 3
132 bn
115 bn
118 bn
44.1 bn
43.5 bn
44.4 bn
Mar-20
Stage
2+3
177 bn
Jun-21
158 bn
Sep-21
2010
163 bn
TFRS9
tub
2.76%
2.75% 2.89% 2.98%
2020
Mar Jun Sep
2021
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•
•
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After the 1st wave of Covid-19 in 2020, TTB proactively resolved NPLs to clear up headroom for headwinds in 2021. We has also continued to de-risk weak loans in
stage 2 to improve portfolio quality.
As a result, stage 2 loan outstanding decreased to THB 118 bn or 7.9% of total loans as of Sep-21, compared to THB 132 bn or 8.3% as of Mar-20, a pre-Covid level.
Stage 3 loan was at THB 44.4 bn. Stage 3 ratio rose to 2.98% due mainly to slow loan growth and uptick in stage 3. The increase in stage 3 was a combination of slow
NPL resolution and a stage 2 de-risking activities. In all, asset quality remains in line with guidance and relatively low when compared to peers.
TTB will continue to improve stage 2 while stage 3 is expected to persist from both NPL trend and our intention to slow NPL resolution activities to preserve NPL value
from higher supply in the market.
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