Thai Credit Bank Public Company Limited (CREDIT) informed the Stock Exchange of Thailand that the Bank's Board of Directors agreed to propose the dividend payment from the operating results of the year 2024 to the Annual General Meeting (AGM) of the Shareholders to be held on April 28th, 2025 at the rate of THB 0.60 per share, amount total of THB 740.9 million. The XD symbol will be marked on May 15th, 2025 and the cash dividend payment is scheduled for May 28th, 2025.
Mr. Roy Agustinus Gunara, Chief Executive Officer of Thai Credit Bank Public Company Limited (CREDIT), stated that from the operating results of the year 2024, the Bank's loan operations experienced growth across all major portfolios, comparing to the previous year. Notably, Micro SME Loans (MSME) grew by 12.8 percent, Home Equity Loans expanded by 14.4 percent, and Personal Loans achieved remarkable growth of 114.8 percent. This growth resulted in the Bank achieving a record-high net profit of THB 3,624.0 million.
From all the successes during the past year, it has created confidence in a higher growth trend in the future. As a result, Thai Credit Bank's Board of Directors has resolved to approve the dividend payment to shareholders for the first time since the Bank's establishment, which is calculated as a dividend per share at the rate of THB 0.60 per share, totaling approximately THB 740.9 million or Dividend Payout Ratio of 20.34 percent of the net profit of the consolidated financial statements. This resolution will be submitted for shareholders' approval at the meeting on April 28th, 2025.
In addition, Mr. Roy continued, Thai Credit Bank would like to thank all shareholders, customers and stakeholders for their trusts and supports in the Bank's operations. The Bank is committed to deliver maximum benefits to all groups of shareholders and stakeholders, including the belief that everyone should have equal and fair access to financial services with the aim of promoting good and stable financial life for all customers in the long term. The Bank continues to enhance the level of sustainable and responsible financial services in all dimensions under the philosophy of "Everyone Matters"