The Export-Import Bank of Thailand (EXIM) registered a net profit of 125m baht (US$3m) for the third quarter of 2004, down 39.32 per cent from 206m baht in the same period last year.
The third quarter results, however, were a marked improvement on the 2004 second quarter results, which saw net profit at 61m baht.
In a statement, the government-owned bank said third quarter results were impacted by lower net interest income and larger provisions for possible loan loss.
EXIM posted a net profit of 327m baht for the year to September, falling 27.49 per cent from 451m baht in the same period last year.
EXIM attributed this to shrinking interest spreads and declining income from written-off debts recovered.
The bank's loan loss and possible loan loss provisions for the first nine months of 2004 totalled 671m baht.
EXIM's total assets increased by 3,730m baht in the January to September period to total 51,660m baht as of September this year...
