Bangkok Post – Thai banks eye regional expansion

April 16, 2024

Fitch Ratings predicts larger footprint

Ms Jindarat says the foreign operations of local banks remain relatively small, accounting for less than 1% of each bank’s total assets, except for BBL, which posts double-digit figures because of its extensive experience in this sector.

Driven by the growth potential of Asean economies, large local banks are likely to see significant opportunities to expand their regional business and enhance their revenue prospects, according to Fitch Ratings Thailand.

Regional business expansion of large local banks rose markedly in 2023 after…