NPLs plunge on higher provisions
Reserves padded on robust profit growth
- Published: 4 Feb 2013 at 00.00
- Newspaper section: Business
The banking industry enjoyed a significant reduction in non-performing loans (NPLs) last year thanks to much stronger results on the back of higher loan loss provisions.
NPLs totalled 109.95 billion baht, falling 11.28 billion baht or 9.3% from 121.23 billion baht in 2011.
In particular, Bangkok Bank (BBL), the country's largest bank, recorded NPLs of 10.22 billion baht last year, down by 31.86% from 2011.
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