Tisco Financial Group Plc (TISCO), the holding company of Tisco Bank, has posted an unreviewed second-quarter net profit of 1.16 billion baht, up by 26% year-on-year.
Its reviewed first-half net profit totalled 2.31 billion baht, up by 31.7% year-on-year, the company said in a statement to the Stock Exchange of Thailand (SET) on Thursday.
The net-profit increase in the second quarter was due to a 31.8% jump in interest revenue following a loan portfolio expansion of 33.6% year-on-year, while the loan spread remained stable at 3%.
Non-interest revenue from its core operations was 1.57 billion baht, up by 16.1% and contributed by growth in banking fees of 9.5% following the expansion of its loan and bancassurance businesses.
Brokerage fees increased by 77.5% following a higher average trading volume and market share by Tisco Securities.
Fee revenue from its asset management business increased by 29.6% year-on-year thanks mainly to expansion of assets and the issue of new funds to match market demand.
Shares of TISCO closed yesterday on the SET at 41.75 baht, down 50 satang, in trade worth 232 million baht.