Thai Banks Maintain Profitability through Strategic Pivot
Thai banks have managed to maintain profitability despite economic headwinds, driven by surging non-interest income and rigorous cost control.
Banking CEOs project low economic growth into 2026, citing continued global volatility, trade policy impacts, and subdued domestic consumer confidence.
Strategic Response
- Debt Management: Banks are running large-scale debt relief programs to proactively manage portfolio quality.
"We will maintain the prudent business direction... setting goals to generate quality growth and enhance stakeholders' returns,"
said Piti Tantakasem, CEO of TMBThanachart, emphasizing the bank's focus on "responsible lending and sustainable solutions to address household debt issues.
Author's summary: Thai banks pivot strategically to maintain profitability.
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