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.

“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.

Comments

Banking

APAC corporates likely to improve in 2021

Moody’s Investors Service says in a new report that credit conditions in APAC will improve in 2021, supported by the gradual recovery of economic activity given the early containment of the pandemic in several Asian economies.

Pr News

Published

on

By

Ongoing fiscal and monetary support in both advanced and emerging markets will also aid improving conditions, but renewed lockdowns in parts of the world have stalled the nascent global economic recovery and create uncertainty around improving credit conditions.

(more…)
Continue Reading

Banking

Can Fintech drive a strong post-COVID-19 recovery in Asia?

The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.

Asian Development Bank

Published

on

To say 2020 has been a challenging year is a massive understatement. The COVID-19 pandemic has quickly undermined development gains from recent decades and slowed growth in many Asian economies.

(more…)
Continue Reading

Banking

BoT sees mild impact of new COVID-19 wave on the economy

The Bank of Thailand (BoT) does not see the new wave of COVID-19 infections as having as much of an impact on the economy as the first wave, as fewer businesses have had to be suspended.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – Despite a new and wider wave of COVID-19 infections in the country, the Bank of Thailand (BoT) has assessed that the economic impact of the situation will not be as severe as the first wave as the effects of the virus are not as pronounced, and public health preparations, including plans for vaccination, are in place.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

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

Join 13,632 other subscribers

Trending