News

NPLs could rise 3.3 this month. Maybank Kim Eng analysts attended the 1Q16 results preview meeting held for analysts last Friday. Based on what they learnt from the meeting, they project 1Q16 net profit about THB8.9b, which is down 28% YoY but up 63% QoQ (4Q15 reported results were depressed by heavy expensing). "Regardless, 1Q16 profit is likely to be viewed as weak compared to the historical standard. One should not be surprised to see a rise in NPLs (+23bps to 3.30%) and high credit cost (2.20%), as previously guided in 4Q15. The company will report its full results on 20th April."

The guarantee is worth THB1.78 billion.

The goal is to expand One Network Bank’s branches by 15 this year.

Provided that there are not bad debts.

It decreased to 7.3% as at end-2015.

Two of them completed large rights issues in 2015.

Higher capital requirements will be phased-in by 2019.

Fitch expects subdued earnings growth to persist.

The deal is valued at $300m.

Artificial intelligence in ATMs is on the rise.

Profits are on an uptrend.

But this is offset by a 25% increase in net service fees.

Net profit declined 8% in 2015.

The long-term benefits far outweigh short-term challenges.

Second-tier lenders are in a more vulnerable position.

Banks have varying degrees of readiness.