Banks post healthy 2013 earnings | Bangkok Post: business

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Banks post healthy 2013 earnings

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The combined net profit of eight commercial banks surged 20.59% in 2013 thanks largely to higher interest and non-interest revenue, reflecting their resilience amid the sluggish economy and political turmoil. 

The lower corporate income tax to 20% in 2013 from 23% in 2012 also gave a boost to the banks' bottom line.

The eight banks posted a total net profit of 156.78 billion baht last year, up from 130 billion in the previous year.

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