TMB Bank eyes fee income boost via more TMBAM mutual funds
TMB Bank plans to issue more mutual funds through its subsidiary TMB Asset Management (TMBAM) in order to boost its fee income, chief executive officer Piti Tantakasem said on Monday.
The bank has revised its business plan to launch additional mutual funds, which will serve demand and also boost fee income after its second-quarter fee income fell to Bt650 million from the recent quarterly average of Bt900 million, he explained.
Meanwhile, TMB Bank continues to be on course to achieve its new-loan growth target of up to 8 per cent this year, and to keep its non-performing loans at no more than 2.6 per cent by the year’s end, he added.
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