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 commercial banks was 254 billion baht in 2019, before TFRS 9 came into effect, according to K-Research.
Somruedi Banchongduang
