BANGKOK: Thailand's largest lender Bangkok Bank expects net profit in 2015 to beat the previous year's despite a modest rise in loan defaults as Thailand's economy goes through a soft patch, the bank's executive chairman said on Friday.
Kosit Panpiemras told Reuters in an interview that he was "in no rush" to pass on lower interest rates to lenders after the Bank of Thailand cut the benchmark rate in late April.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!