The banking sector reported a modest increase in profits for the first nine months of 2024, driven by gains in both interest and fee income, while continuing to allocate substantial reserves for loan losses in preparation for heightened uncertainties.
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The banking sector reported a modest increase in profits for the first nine months of 2024, driven by gains in both interest and fee income, while continuing to allocate substantial reserves for loan losses in preparation for heightened uncertainties.
The 10 SET-listed banks and their subsidiaries, posted a combined net profit of 159 billion baht for the first nine months of 2024, reflecting a year-on-year increase of 3.49%. Only Krungthai Bank’s (KTB) operating results have not yet been disclosed.
Kasikornbank (KBank) led the sector with a net profit of 38.1 billion baht for the period, up 15.4% year-on-year.
TMBThanachart Bank (ttb) recorded the highest profit growth, with a 17% increase, reaching 15.9 billion…