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Commercial banks see solid performance in Q1

 

 

BANGKOK, 15 May 2018 (NNT) – The Bank of Thailand (BoT) has issued a report showing that overall, commercial banks performed well in the first quarter of the year with strong capital reserves and liquidity. 

Loans by commercial banks continued a growth trend of 4.4 percent last year to 4.7 percent in the first quarter. The growth was mainly due to an expansion in SMEs to include more business types with loans to large corporations excluding financial institutions contracting slightly as several began repaying their loans and some sought other means of amassing capital. 

Consumer loans saw expansion across the board, in particular car loans and home loans with credit loans and personal credit lines also seeing significant growth in line with the burgeoning economy. 

The non-performing loan rate in the quarter was 2.92 percent, staying close to the rate in the previous quarter of 2.91 percent. 

All combined, commercial banks were able to increase their monetary reserves to a total 622 billion baht, up from 28 billion at the end of last year. The banks have been able to amass 176 percent more in cash reserves than provisionary reserves. 

The sector as a whole saw better returns than during the same period last year from both investments and commission but net profit was down on IT costs, marketing and cash placed in reserve. The banks now maintain funds worth a combined 2.434 trillion baht.

 

-- nnt 2018-05-15