The high level of profits posted by the Thai banking sector last year generated a good deal of controversy, with some commentators suggesting interest rates were too high.
In 2023, the banking industry posted a 17.8% increase in net interest income (NII) to 727 billion baht, up from 617 billion in 2022, with the five largest banks by total assets posting a higher net interest margin, leading to the uptick in NII.
Commercial banks’ profitability this year could face several risks,…
