News
RETAIL BANKING | Staff Reporter, Thailand
view(s)

Thai banks' net profit up 23% in 4Q16

Thanks to an 18% decline in provisioning.

Analysts at Maybank Kim Eng expect sector net profit to have risen 3% QoQ and 23% YoY in 4Q16, led by an 18% QoQ decline in provisioning.

"Toplines should have been soft. Despite high seasonality, we look for only 1.4% QoQ loan growth, partly due to mourning for the late King. We also expect a slowdown in the securities business, going by lower equity trading volumes."

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.