ID :
160534
Sat, 02/12/2011 - 13:51
Auther :
Shortlink :
http://m.oananews.org//node/160534
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Net profit of Thai banks surges in 2010
BANGKOK, Feb 12 (TNA) The Bank of Thailand (BOT) says that total net profit of Thai banks stood as high as 123 billion baht last year, or a 34.5 per cent year-on-year increase, thanks to recovering Thai and global economies.
The Thai central bank has cited growing loans and deposits of local banks as two key factors to secure their high profits in 2010, following an overall contraction in the previous year; while their non-performing loans (NPLs) fell, on the other hand, to 312 billion baht last year.
Meanwhile, Thailand's consumer confidence index in January 2011 rose to 81.5 points, from 80.8 points in December 2010, and the country's economic confidence index increased to 72.6 points, from 71.9. Both the key economic indicators went up for the second consecutive month, as local consumers have regained their confidence in the national economy, thanks to rising farm prices and higher wages. (TNA)
The Thai central bank has cited growing loans and deposits of local banks as two key factors to secure their high profits in 2010, following an overall contraction in the previous year; while their non-performing loans (NPLs) fell, on the other hand, to 312 billion baht last year.
Meanwhile, Thailand's consumer confidence index in January 2011 rose to 81.5 points, from 80.8 points in December 2010, and the country's economic confidence index increased to 72.6 points, from 71.9. Both the key economic indicators went up for the second consecutive month, as local consumers have regained their confidence in the national economy, thanks to rising farm prices and higher wages. (TNA)
