Banks ready to handle uncertainties
BIS ratio and tier-one capital base adequate, no need to raise additional capital, execs say
Local commercial banks are confident that their existing BIS ratio and tier-one capital base can handle economic uncertainties, with no need to raise additional capital.
Manop Sangiambut, chief financial officer of Siam Commercial Bank, said SCB has maintained a BIS ratio at the highest threshold domestically and regionally at 18.7%, of which 17.6% was tier-one capital as of September.
The bank expects to be able to cope with higher economic uncertainties and rising non-performing loans (NPLs) amid the contagion.
As a result, the bank does not need to increase additional capital through fund injection or debt market instruments.
“With the bank’s…
