By Ben Otto

Shares of Bangkok Bank PCL fell 4.2% Wednesday after the lender reported a 67% drop in quarterly net profit due to the economic effects of the Covid-19 pandemic.

Shares dropped as much as 5.1% in early trade and were trading at 104 baht by the midday break.

Bangkok Bank said late Tuesday that its second-quarter profit fell to THB3.09 billion ($97.9 million) from THB9.35 billion a year ago due to higher expected credit losses. It said higher reserves for credit losses would provide a cushion against "the increasing uncertainty" from an economic contraction due to the pandemic.

The bank's nonperforming-loan ratio rose to 4.1% at the end of June from 3.5% at the end of March. 



  Write to Ben Otto at ben.otto@wsj.com