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Thai Banks Seen Reaping Huge Gains in 1st Quarter.
Byline: Nuntawun Polkuamdee
Apr. 7--The banking sector is expected to post robust earnings results for the first quarter, bolstered by higher interest margins and a pickup in loan growth, according to local analysts.
Capital Nomura Securities projects bank earnings for the first quarter of around 19 billion baht, a view mirrored by Tisco analysts, who project earnings for 11 banks at 18 billion baht, or 34 percent higher than last year.
Loan growth and rising interest rate margins will be the main drivers of profit gains. Kasikornbank, Thai Military Bank and Bank of Ayudhya also redeemed their outstanding capital securities, helping reduce ...
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