The five listed commercial banks on the plus side of the ledger posted solid growth in net profit for the first quarter. TMB Bank Plc announced net profit of Bt2.27 billion for the quarter, up 8.61 per cent. Thanachart Bank’s Bt3.7 billion in net profit marked a rise of 15.5 per cent from the same period last year. The record result came despite the recurring seasonal impact generated by loan repayments in the first quarter, Goto said. TMB generated Bt5.109 billion of pre-provision operating profit (PPOP), which represented 7 per cent growth from the same period last year.

Source: The Nation Bangkok April 19, 2018 18:00 UTC