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Thai Military Bank Expects Fee Income to Help Return to Profits.
Byline: Darana Chudasri
Jan. 7--Thai Military Bank expects to post higher operating profits this year based on continued loan growth, higher fee-based income and cost-cutting, says acting bank president Siri Ganjarerndee.
The bank expected to post a net profit this year, following a loss in 2002 due to provisioning expenses.
TMB reported a net loss of 1.7 billion baht in the first nine months of last year, compared with a net profit of 98.8 million in the same period in 2001. The third-quarter loss was 1.26 billion baht, compared with a profit of 297.1 million in 2001.
Dr Siri said the bank expected net loan growth to slow to 7 percent ...
- Thai Military Bank Expects Fee Income to Help Return to Profits.
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