Are Thai banks profits too high ?

Most Thai banks showed improvement in quarterly net profit, with the fifth-largest Thanachart Capital (TCAP) marking the highest growth at 53.5 per cent in the third quarter after its acquisition of Siam City Bank (SCIB). Hefty profits chalked up by Thai banks this year have again given rise to criticism about the high cost of financial intermediation in Thailand. Thailand Business News

Follow this link:
Are Thai banks profits too high ?

For 2009 as a whole, nonetheless, real GDP fell 2.3 percent despite a pick-up in consumption in the fourth quarter, external demand will be the main contributor to growth in the near term.
All in all, a more favorable external environment should help boost real GDP growth to 6.2 percent in 2010. After this year, slower growth in developed countries, emerging capacity constraints as capacity idled during the crisis is quickly put to use, and the weight of the ongoing political turmoil on new investment, should likely keep growth below Thailand’s historical average of 5.1 percent. On the whole, Thailand’s fiscal and financial picture remains solid

Yet a glance through the 2009 Post/ AWR Lloyd-PYI Shareholder Scorecard shows that some sectors clearly benefited more than others. Home and office products led all sectors with a 267% gain in 2009, followed by agribusiness at 238% and property development at 132%.
In part, this may reflect the greater volatility in earnings in smaller companies.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More