BoT: Banking system strong enough to cope with future risks

BoT: Banking system strong enough to cope with future risks

People enjoy time on a bridge crossing Phadung Krung Kasem canal in Bangkok on March 18, 2022. (Photo: Nutthawat Wicheanbut)
People enjoy time on a bridge crossing Phadung Krung Kasem canal in Bangkok on March 18, 2022. (Photo: Nutthawat Wicheanbut)

The country's banking system remains strong enough to handle risks from high uncertainty in future, the Bank of Thailand (BoT) said on Tuesday, responding to S&P's ratings downgrades on some Thai banks on rising systemic risk.

The economy is expected to gradually recover, which will help improve debtors' income and debt servicing ability and improving banks' credit quality, BoT deputy governor Ronadol Numnonda said in a statement.

S&P downgraded Kasikornbank, Krungthai Bank , Siam Commercial Bank and TMB Thanachart Bank on rising systemic risk and persistently high leverage among borrowers, International Financing Review (IFR) reported on Tuesday.


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