Investor Presentaiton
Lower consumer activities during Covid-19 pressuring Non-NII engines
Total Non-Interest Income (Non-NII)
tub
THB million
7,705
7,089 -8% YoY
2,732
1,859 -32% YoY
Total Non-NII
3,971
3,523
939
Other Non-NII
1,365
Net fee &
3,032
service income
2,158
3,118 -21% QoQ, -12% YoY
919 -2% QoQ, -33% YoY
2,198 -28% QoQ, +2% YoY
4,972
5,230 +5% YoY
2Q20
1Q21
2Q21
1H20
1H21
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Non-NII was weighted down by Covid-19 situation and partly by our selective asset growth strategy.
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TTB posted THB3.1 bn of non-interest income in 2Q21 (-21.5% QoQ and -11.5% YoY) due mainly to lower net fees and service income.
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Retail fees was hit by Covid-19 restriction measures that led to lower business activities and the postpone of some marketing and volume-boosting activates.
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Commercial fees, on the other hand, Trade Finance and FX fees continued to grow YoY on the back of export/import recovery.
1H21 Non-NII declined by 8.0%, due to lower gain on investments while net fee and service income improved from the same period last year.
Non-NII to avg. assets was at 0.80%, still in line with the guidance. Despite short-term hiccup from the pandemic, TTB continues to enhance our fee-base products
and services with an aim to build recurring fee income in the long run.
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