Thai banks up 8% YoY
- The major banks are still performing ok, mainly on cost management and lower provisions
- 9M YoY performance is average to say the least with the sector only up +5.7%
- Autoloan related fincos, Tisco and KK, are still suffering, though this may very well be the end of the high provisions.
- KBANK, TMB, and LHBANK have been performing fantastically well each for different reasons.
Source: Bangkok Post