Connect with us

Banking

Thai Banks remain resilient resilient but risks remain

Avatar

Published

on

Thai banks are expected to continue to show resilience after economic and political shocks in the past two years, International ratings agency Fitch Ratings said in its special report released on Tuesday.

Loading...

“The heightened operating risks from the prolonged political turmoil in Thailand and still weak economic environment, could impact profitability, loan growth and asset quality in the medium term. However, strong capital and liquidity should help at least the stronger banks to maintain overall performance in 2010,” said Vincent Milton, Managing Director of Fitch Ratings Thailand and a Senior Director of Financial Institutions at the agency.

bank atm

“The three bellwether banks, Bangkok Bank Public Company Limited, Siam Commercial Banks Public Company Limited and Kasikornbank Public Company Limited continue to outperform the sector with Bank of Ayudhya Public Company Limite also emerging as a strong performer. TMB Bank Public Company Limited still lags, although its performance has stabilized andshould improve in 2010,” Mr Milton noted.The report entitled “Thai Banks: 2009 and Q110 Review and Outlook — Resilient, But Risks to Outlook Remain” states that although Thailand’s economic outlook for 2010 appears to be improving, overall conditions are likely to remain weak.

via Fitch: Thai Banks’ performance resilient; risks remain.

Asean

12 Things to Know about the ASEAN Catalytic Green Finance Facility (ACGF)

The ACGF is an ASEAN Infrastructure Fund initiative managed by ADB’s Southeast Asia Department Innovation Hub. It helps Southeast Asian governments prepare and finance infrastructure projects promoting environmental sustainability and contributing to climate change goals.

Asian Development Bank

Published

on

Southeast Asia faces an infrastructure investment shortfall of more than $100 billion a year, which may have worsened amid the COVID-19 pandemic.

Loading...
(more…)

Continue Reading

Banking

Thai cabinet approves 350 billion baht Aid for COVID-hit Businesses

Thailand unveiled new measures to help small and medium COVID-hit businesses in the tourism industry hit by a liquidity crunch.

Olivier Languepin

Published

on

The Thai cabinet has approved assistance worth 350 billion baht($11 Billion) to help businesses affected by COVID-19 with soft loans and asset warehousing.

Loading...
(more…)

Continue Reading

Banking

APAC Banks to Face Portfolio Valuation Losses As Yields Rise

The latest data suggest that Fitch-rated banks in Hong Kong, India, Indonesia, Malaysia and Taiwan have the largest AFS securities portfolios, and display particular sensitivity to changes in yields.

Avatar

Published

on

Fitch Ratings-Hong Kong/Singapore-21 March 2021: A rise in yields for long-dated sovereign bonds will result in near-term losses for Asia-Pacific (APAC) banks as they recognise valuation changes on their available-for-sale (AFS) bond portfolios, but the capital impact should be manageable for most rated banks, says Fitch Ratings.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,974 other subscribers

Latest

Trending