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Home Banking

Banking Sector Quarterly Brief (Q4 2022 and 2022)

PR News Asean by PR News Asean
March 14, 2023
in Banking
Reading Time: 1 min read
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Bangkok Bank approved that an interim dividend be paid at the rate of 1.50 baht per ordinary share

The Thai banking system is resilient, with strong levels of capital, loan loss provision, and liquidity to support economic recovery. Bank loans have grown 2.1% year-on-year, with a slowdown due to repayment from large corporates and government, transfer of consumer loan business, and loan portfolio management. Non-performing loans have declined, and net profit improved due to loan expansion and interest rate hikes. However, households remain vulnerable to elevated debt burdens, and businesses affected by rising costs should be monitored. Banks continue to support their debtors through debt restructuring.

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