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Kasikornbank ‘strong enough to fight future risks’

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Kasikornbank’s financial status is strong enough for it to deal with future risks in the banking system, the bank’s president Predee Daochai said.

One of the biggest risks is the rising trend of non-performing loans (NPLs), due to the declining economy.

The bank has studied many scenarios of rising NPLs in the market, including one triggered by the ongoing Covid-19 crisis.

The bank is also revising its business targets in line with Covid-19 fallout, and it should have it ready within this month, he added.

Predee also said that the bank has given top priority to extending additional relief measures to clients affected by the outbreak, adding that it will take at least four years for the Thai economy to pick up.

Published : June 10, 2020