Tisco Financial Group posts 26% hike in Q2 profit | Bangkok Post: business

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Tisco Financial Group posts 26% hike in Q2 profit

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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%.

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