Bank sector profit tipped to rise
Net profit in the bank sector is likely to increase 16 per cent in this year compare with a drop of six per cent last year, according research from Krungsri Securities released on Wednesday.
The report said demand for new loans this year should increase to 5.5 per cent compared with last year, which recorded new loan growth of 3.9 per cent from 2016. The bank sector also revised down its operation costs, which will boost their net profit growth this year compared with last year.
Meanwhile, the researchers forecast that eight listed banks will report net profit of Bt39.8 billion in the fourth quarter of last year, or 2 per cent down from the third quarter of last year and a drop of 12 per cent from the same period of previous year. This is due to rising operational costs in compared with 2016.
