Softening economy to dampen banks' net profit in Q3

[webfact]

Softening economy to dampen banks' net profit in Q3

By THE NATION

 

 

Eight commercial banks are expected to report a decline in total net profit in the third quarter amid a softening economy, according to Apichat Poobunjirdkul, senior strategist at TISCO Securities Co Ltd.

 

The banks will likely see their combined net profit falling 4 per cent year on year to Bt50.156 billion in the quarter. The eight posted high net profits in the same period last year. 

 

When excluding special items, their financial performance in the period is expected to be flat or a slight growth.

 

The ratio of non-performing loans is estimated at 3.66 per cent of total loans, versus 3.64 per cent in the second quarter of the year.

 

Source: https://www.nationthailand.com/business/30377081

 

-- © Copyright The Nation Thailand 2019-10-07

Follow Thaivisa on LINE for breaking Thailand news and visa info

[Mavideol]

No worries, it all come to improve in a near future, starting Oct 10...... The minister for tourism wants cuts in tariffs on well-known brands to attract more spending tourists.

[Mavideol]

50 minutes ago, webfact said:

Softening economy to dampen banks' net profit in Q3

did the banks included the expats 800K deposits into their calculations, it's a big chunk of money all of us have at their banks, if well managed it could be some nice income/profit

[weegee]

Everything seems to be on track....

[RichardColeman]

Wish they would make their minds up, its positive one day negative the next every 2 days now