Banking and financial services
Major banks
Thai banks strong, can weather uncertainty - BoT
Thailand’s banking system remained resilient with high capital buffers and liquidity to cushion economic uncertainty, the Bank of Thailand (BoT) said on Monday, as the country deals with a third wave of coronavirus infections.The outbreak, the country’s biggest so far, has hit consumption and tourism, ...
Registered commercial banks’ profit hit 9-year low
This year’s aggregate net profit of commercial banks registered in Thailand is estimated at 144 billion baht, a nine-year low, attributed mainly to the pandemic impact, says Kasikorn Research (K-Research).The estimate uses the Thai Financial Reporting Standards 9 (TFRS 9).The combined net profit of registered ...
Somruedi Banchongduang
Banks may see strong loan growth, more bad loans this year: BoT
Commercial banks are expected to post strong loan growth this year, as more large businesses are seeking credit due to the volatile debt market amid the coronavirus outbreak, a senior director at the Bank of Thailand (BoT) said on Monday.Loans grew 4.1% in the first ...
Baht speculation curbed but Thailand still open to long-term foreign investment: BOT
The Bank of Thailand (BOT)’s latest measure to manage the inflow of foreign money should not affect long-term foreign investment in the country, BOT director of economic analysis Pornpen Sodsrichai said on Thursday.Keep reading ...
The Nation Reporter
