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TMB sees steady profit gains for 2006.

Bangkok Post (Bangkok, Thailand)

| March 02, 2006 | COPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Mar. 2--TMB Bank, Thailand's fifth-largest bank by assets, said yesterday its efforts to boost lending and fee income would help lift 2006 profits above 2005's 7.8 billion baht.

TMB, 18.48 percent owned by Singapore's DBS group, also aimed to beat market forecasts, although profit growth would be weighed by higher costs of funding, bank president Subhak Siwaraksa said.

"This year's bottom line should be higher," Subhak said, but declined to give specific forecasts. "We're aiming to beat analyst forecasts," he said.

TMB, owned partly by State Street Bank and Trust and the Bank of New York, will report a 4 percent rise in profits this year, ...

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