To cope with credit risk, Thai banks focus on asset quality

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Large local banks anticipate their corporate clients will face heightened challenges in the second half of this year because of global uncertainties and concerns about a potential US recession.

SCB, Thailand's fourth-largest lender by total assets, set a modest loan growth target for 2024 and recorded slight growth in the first half.

SCB plans to adopt a more cautious and selective approach to loan growth to maintain asset quality, he said.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Bank Banks Global Year Corporate Loan Challenges Asset Uncertainties Quality Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 04:30:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 488 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22022317

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 6 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 7 hours ago

Coverage Areas: Thailand

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News Language: English

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Publisher ID: #66

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