The banking system remains resilient with high levels of capital buffer to withstand future risks and uncertainties, the Bank of Thailand said on Tuesday, a day after S&P Global Ratings downgraded the top lenders citing increased systemic risks.
The capital adequacy ratio of banking system stands at 20% and lenders have increased provisioning against bad loans by 430 billion baht in the past two years, the BoT said in a statement. Total provisioning at 890 billion baht is equivalent to 1.6 times of non-performing loans, it said.
