Fitch Ratings forecasts bigger footprint Ms Jindarat states the foreign operations of regional banks stay reasonably little, accounting for less than 1% of each bank’s overall properties, otherthan for BBL, which posts double-digit figures since of its substantial experience in this sector. Driven by the development capacity of Asean economies, big regional banks are mostlikely to see considerable chances to broaden their local service and improve their profits potentialcustomers, according to Fitch Ratings Thailand. Regional service growth of big regional banks increased significantly in 2023 after several cross-border acquisitions led to considerable abroad loan development throughout 2020-22. The global loan portfolio of domestic systemically essential banks (D-SIBs) rose to 10% of overall impressive loans, up from 6% in 2020, stated Jindarat Sirisithichote, partner director for monetary organizations at Fitch Ratings Thailand. In Thailand, there are 6 D-SIBs: Bangkok Bank (BBL), Kasikornbank (KBank), Krungthai Bank (KTB), Siam Commercial Bank (SCB), Bank of Ayudhya (Krungsri) and TMBThanachart Bank. Among this group, BBL, KBank, SCB and Krungsri have significantly broadened their operation
Read More.
The news from the world
The news from the world