TISCO Group Reports Stable Profit and Loan Growth in First Half of the Year
TISCO Group, the first commercial bank to release its financial results for the year, has reported a stable net profit for both the quarterly and first half periods. The bank’s loan growth also exceeded 5.2 percent, resulting in higher interest income.
However, TISCO Group faced challenges in the form of increased financing costs due to the rising interest rate environment. The bank also experienced a decline in non-interest income. Additionally, a slight increase in bad debts was observed.
Meanwhile, BCPG, an electricity generation company within the Bangchak group, recently concluded a lucrative deal involving the transfer of shares in two natural gas power plants in the United States. This strategic move is expected to generate immediate revenue recognition that is more than four times higher than before, amounting to over 9,000 million baht.
In other news, EGCO Group is currently exploring the use of hydrogen gas as a means to produce electricity. As an active player in the electricity supply industry, EGCO Group is keen on expanding its clean energy business. To achieve this, the company has partnered with MAWR to study and develop the utilization of hydrogen gas for electricity generation in EGCO Group power plants, promising a greener future for the company.
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TISCO ended the first half of the year with a stable profit – loan growth TISCO Group was the first commercial bank to announce its financial results. and if you look at the quarterly and the first half Net profit is considered stable. But overall loan growth was still better than 5.2 percent, which led to higher interest income. However, it was pressured by higher financing costs following the rising interest rate environment. and lower non-interest income Along with a slight increase in bad debts, BCPG immediately closed the US power plant income book deal. An electricity generation company in the Bangchak group, “BCPG”, has completed the transfer of shares in 2 natural gas power plants in the United States with an investment value of over 9,000 million baht. megawatt, which is ready to increase the immediate revenue recognition more than four times EGCO is studying the use of hydrogen gas to produce electricity. electricity supplier in our country Still looking for opportunities to expand the business to more clean energy. Recently, “EGCO Group” has joined “MAWR” to study and develop together. use hydrogen gas for electricity generation for use in EGCO group power plants and expand the clean energy business together in the future #TISCO #BCPG #EGCO #Bank of Commerce #US Power Works #BCPG #EGCO Group #MAWR #Hydrogen gas # clean energy # loan . Follow the TNN show, hours of making money. Every Monday to Friday between 9:30 am and 10:30 am on TNN Channel 16, follow the news station TNN Channel 16 Line @TNNONLINE or click Keep up with the world, keep up with the economy, keep up to date with TNN Channel 16, a news station that adheres to the principle of presenting direct news. Matters, fast, accurate, accurate and impartial from a professional news team.
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