Ten banks see profits rise 8%

Ten banks have announced that their combined net profit in the first quarter of this year was Bt55.71 billion, up 8 per cent from the same period of last year, thanks to increases on both interest and non-interest income. Most of their non-performing-loan ratios in the quarter were nearly the same as a year earlier. Some saw their NPL rates increase by a few percentage points but did not exceed 5 per cent, except Krungthai Bank, which reported NPLs worth Bt100.38 billion, 10.15 per cent of total lending. Asia Plus Securities forecasts that the banking sector’s overall net profits will grow by more than 7 per cent this year. 

Keep reading