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Bangkok Post
Bangkok Post
Business

Listed banks post 13% Q1 profit hike

KBank SET SCB X Stark
People visit commercial bank booths at Money Expo 2022 held in December at Impact Muang Thongn Thani. (Photo: Nutthawat Wicheanbut)

Net profit for the banking industry grew 13% in the first quarter thanks to improving business operations, despite setting higher loan-loss provisions amid global economic risks.

The 10 SET-listed commercial banks and subsidiaries reported a combined net profit in the first quarter of 2023 of 60.3 billion baht, up 13.3% year-on-year.

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