Visitors browse commercial bank booths at Money Expo 2022 held in December at Impact Muang Thong Thani.
The trend of rising interest rates supported net profit growth among Thai banks last year, while the banking industry saw strong demand for loans in line with the country’s economic recovery.
Nine of the 10 SET-listed commercial banks and subsidiaries reported a combined net profit of 193 billion baht for 2022, an increase of 9.33% year-on-year.
However, Kasikornbank (KBank) and Bank of Ayudhya reported a decline in 2022 net profit, mainly attributed to higher provisions in preparation for global economic uncertainty and the risk of recession among several key…
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