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Sep. 2--BANKING SECTOR SHORES UP HEALTH: The financial strength of the banking sector is stronger now than in 2001 or 2002, with only DBS Thai Danu Bank still needing to raise loan-loss provisions, according to the governor of the Bank of Thailand.
DBS Thai Danu last week said it would set aside additional provisions of 2.7 billion baht in the second half to comply with central bank directives.
M.R. Pridiyathorn Devakula said other banks, including leaders Bangkok Bank, Kasikornbank and Krung Thai Bank, all had sufficient provisions to cover potential loan losses. Strong economic growth was helping banks expand lending and boost profitability, he said. ...