Analyst sees headwinds persisting until mid-2025

Quick Summary:

A high level of non-performing loans (NPLs), slow loan growth and rising household debt will continue to pressure banks until the first half of next year as a reduction in consumer purchasing power and rising living costs will affect not only small businesses but also large companies, analysts say.

CGS International Securities (Thailand) shares a similar view, saying headwinds for banks would continue in the second half of this year.

Consequently, the brokerage projects banks' net profit growth for this year and 2025 to slow to 5-6% year-on-year, down from an 18% increase in 2023, she noted.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Debt Year Loan Rising Higher Costs Banks Continue Growth Loans Second

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 04:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 21843094

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