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Thailand’s banking sector posts higher net profit

februari 21, 2022by Reacties uitgeschakeld voor Thailand’s banking sector posts higher net profit

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BANGKOK, Feb. 21 (Xinhua) — Thailand’s central bank said on Monday that the country’s banking system recorded a 23.6 percent jump in net profit in 2021 to reach 181 billion baht (about 5.6 billion U.S. dollars) amid recovering economic activities.

The improved profitability was mainly due to lower provisioning expenses as banks set aside an elevated level of provision in the previous year and banks’ operating c

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