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Bank shares improve on vaccine news

Bank shares improve on vaccine news

NPLs seen surging in second half of 2021

National Vaccine Institute director Nakorn Premsri, left, joins Disease Control Department director-general Opas Kankawinphong, centre, and AstraZeneca Thailand president James Teak at a signing ceremony for Covid-19 vaccine acquisition at Government House in Bangkok last Friday. (Government House photo)

Bank share prices rallied by about 30% in November as investors gained confidence in an economic recovery amid progress in the development of Covid-19 vaccines, say analysts, although non-performing loans (NPLs) are expected to surge in the second half of 2021 once debt relief schemes come to an end.

Charlie Kueyen, an analyst at KGI Securities, said Thai banks suffered a huge…

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