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Top banks set lower NPL targets for 2022

Top banks set lower NPL targets for 2022

Uneven economic recovery expected

KBank projects keeping its gross NPL ratio in the range of 3.7-4% in 2022, down from 4-4.5% in 2021. Pornprom Satrabhaya

Four local banks unveiled their financial goals for this year, with all setting lower non-performing loan (NPL) targets in line with the economic recovery, although the rebound is projected to be uneven.

Bank of Ayudhya (BAY), which uses the marketing name Krungsri, Kasikornbank (KBank), Siam Commercial Bank (SCB) and Bangkok Bank (BBL) each recently informed the Stock Exchange of Thailand (SET) of their financial targets for this year.

The four banks set lower gross NPL targets this year compared with targets last year.

This year BBL expects to contain gross…

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