SOMRUEDI BANCHONGDUANG
Krungthai Bank (KTB) has set aside a 30% year-on-year increase in its loan-loss reserves for the first five months to cushion against an uptick in non-performing loans (NPLs).
Bad loans for small and medium-sized enterprises (SMEs) continue to climb, though at a slower pace. Putting aside higher provisions is a buffer for the bank with the fragile state of the economic recovery, said president Vorapak Thanyawong.