Fitch Ratings today said the outlook on Thai banks should remain stable for the next 12 to 18 months as economic conditions are expected to remain supportive of banks’ overall performance during the period of time.
However, the global rating agency also sees several main risks which include strong credit growth in some large corporate and retail sectors, surging funding costs and potential asset quality pressure due to higher interest rates from rising inflation, and lingering global uncertainties.
According to the report, entitled “Thai Banks: Annual Review and Outlook – Resilient Economy …

Thailand’s four leading banks similarly posted falls in net profit during the first quarter of this year, ranging from 13.5 to 39 percent, due to global economic crisis and low income.
Bangkok Bank (BBL), the country’s biggest lender with 1.68 trillion baht of assets, yesterday reported a 13.5 percent fall in the quarterly net profit to nearly 4.87 billion baht from 5.63 billion baht during the first quarter last year.
At the end of the first quarter, BBL had total deposits of about 1.34 trillion baht, an increase of 27.4 billion …