Banks prepare for an uncertain year
2
Industry vows to still assist customers
published : 22 Jul 2021 at 04:06 Bangkok Bank on Pradiphat Road in Bangkok s Phaya Thai district. Nutthawat Wicheanbut
The Thai banking industry will continue to face high levels of uncertainty in business operations in the second half of the year, mainly due to the rising number of Covid-19 cases, said Thanyalak Vacharachaisurapol, deputy managing director at Kasikorn Research Center (K-Research).
Banks will need to continue to help customers in the area of debt restructuring for the remainder of this year, Ms Thanyalak said.
With a solid cushion, the banking industry will not be pressured with loan loss provisions after they have set aside additional reserve handling for unexpected situations.
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