Krung Thai Bank targets 5-7% loan growth in 2014

It's also eyeing 15% fee income growth.

According to Maybank Kim Eng, Krung Thai Bank targets 5-7% loan growth based on 4% GDP growth this year. LDR is set at 90-92%, as deposits are expected to grow 8-10%.

Here's more:

KTB is targeting 15% fee income growth in 2014 as the bank plans to increase cross selling activities by bundling and selling retail products (insurance, mutual fund and credit card) to clients.

Normal provisions are maintained at THB1.5b per quarter while extra provisions depend on the economic situation. ROA and ROE are set at 1.3% and 16% this year, respectively.

Higher NPLs but not a danger zone. KTB sees a rising trend of NPLs for mortgage loans, surprisingly in Bangkok. Some SMEs asked for more credit lines for working capital and requested an extension for the payment period during the economic slowdown while asset quality on corporate loans remains stable.