To The Moon

Asset quality was relatively resilient despite lingering concerns on the pandemic Despite lingering concerns about the pandemic, asset quality for Thai banks was relatively resilient. The sector’s NPL

• Asset quality was relatively resilient despite lingering concerns on the pandemic : Despite lingering concerns about the pandemic, asset quality for Thai banks was relatively resilient.
• Inflation and geopolitical uncertainties would weaken growth potential : The Bank of Thailand (BOT) raised Thai economic growth projections to 3.3% YoY in 2022 from 3.2% earlier (2021: +1.6%) 
• Healthy balance sheet against uncertainties : We expect aggregate NPLs to moderately increase 7% YoY in 2022 (2021: +2%) as some customers who existed the relief measures may be unable 

Full analysis here:- https://www.smartkarma.com/insights/bank-sector-more-caution-on-growth-potential?utm_source=tiger_community

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