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Saturday, February 24, 2024

Banks ready to handle uncertainties

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…

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