The latest news from the Joomla! Team |
Secure footing challengedThai banks are expected to post generally stronger profits for 2008, thanks to lower provisioning expenses and higher net profit margins. But rising inflation, fuel prices and domestic political uncertainties remain key risk factors, and many banks have already begun warning that loan growth could slow in the second half. First-quarter bank profits rose an impressive 23.9% from the same period last year, led by Siam Commercial Bank, Bangkok Bank and Kasikornbank. Two second-tier banks - TMB and Siam City Bank - showed the highest rebounds in percentage terms, with first quarter earnings up five to six-fold from last year due to lower provisioning expenses. |
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