LH Financial Group, or LHFG, is confident its operating results in the second half of 69 will show outstanding growth, focusing on expanding business loans both domestically and internationally linked to foreign direct investment, or FDI, while setting aside lower provisions than in the first half. In the first half of 69, the group posted a net profit of 1.53 billion baht, up 37.3 percent from the same period last year, with total assets of 425 billion baht, growing 6.6 percent from the end of 68. Meanwhile, subsidiary Land and Houses Bank targets total loan growth of 10 to 12 percent for 69, having already grown 6.7 percent in the first half, and will emphasize foreign business loans receiving FDI, especially the AI trend, aiming for 50 percent growth this year. The non-performing loan ratio, or NPL, will be kept from exceeding 3 percent, from 2.56 percent in the second quarter of 69, and provisioning in the second half will decline after sufficient reserves were set aside earlier.
LH Financial Group Public Company LimitedNet profit up 37.3% YoY in H1, lower provisions expected in H2, and management confident in outstanding H2 growth.