Tisco Financial Group Plc (TISCO), the holding company of Tisco Bank, reported an unreviewed third-quarter net profit of 1.13 billion baht, up 18.78% year-on-year.From January to September this year, the unreviewed net profit totalled 3.44 billion baht, up 27.14% year-on-year, the company told the Stock Exchange of Thailand (SET) after the market closed on Friday.
For the third quarter, the profit rise was due mainly to fee income.
Interest income rose 25.5% year-on-year following the 24.8% loan expansion. The interest spread was at 3.1%, slightly improving from 3% from the same period last year.
Non-interest income from core business grew 18.8% year-on-year to 1.36 billion baht on the back of a 29.7% increase in banking fees. The brokerage fee also increased by 14.1% following higher average trading volume and a bigger market share of the subsidiary Tisco Securities Co Ltd.
Shares of TISCO closed on the SET at 47.75 baht on Friday, up 50 satang, in trade worth 120.14 billion baht.