Ten institutions see Q1 net profits slip | Bangkok Post: business

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Ten institutions see Q1 net profits slip

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First-quarter net profits of 10 listed commercial banks fell marginally, although most of them have set aside massive loan-loss provisions, reflecting more prudent stances amid the economic downturn. 

The 10 banks posted a combined net profit of 42.5 billion baht from January to March, down by 0.84% year-on-year, according to their filings to the Stock Exchange of Thailand (SET).

State-owned Krungthai Bank (KTB) is the only listed lender that has not released quarterly earnings.

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