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Thai Farmers Bank Aims to increase Fee-Based Revenue amid Lower Interest Rates.
Byline: Darana Chudasri
Jan. 6--Thai Farmers Bank hopes to increase fee-based income in corporate and wholesale banking to help supplement interest revenue, which is expected to tighten as interest spreads narrow.
Boontuck Wungcharoen, TFB's senior executive vice-president, said that last year the bank met its 9 percent growth target in net outstanding loans for wholesale banking, which has 7,000 clients.
But the bank came under its revenue target of 5.5 billion baht for the year, primarily due to narrower interest spreads of around 3 percent.
"Overall, revenue from the wholesale business came to 95 percent of our target, due in part ...
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