Thailand

NPL declined by USD111m in 1Q16.

The increase seems broad based, analysts say.

It's a rare feat for Thai banks.

NPLs could rise 3.3 this month. Maybank Kim Eng analysts attended the 1Q16 results preview meeting held for analysts last Friday. Based on what they learnt from the meeting, they project 1Q16 net profit about THB8.9b, which is down 28% YoY but up 63% QoQ (4Q15 reported results were depressed by heavy expensing). "Regardless, 1Q16 profit is likely to be viewed as weak compared to the historical standard. One should not be surprised to see a rise in NPLs (+23bps to 3.30%) and high credit cost (2.20%), as previously guided in 4Q15. The company will report its full results on 20th April."

The guarantee is worth THB1.78 billion.

The deterioration in asset quality can be seen as Thai commercial banks’ non-performing loans surge.

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NPL ratio of every bank fell from 3Q15, except for KBANK and TMB.

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He is leading partnerships between KasikornBank and ASEAN countries plus China, Japan, and Korea.

Gross NPL was THB335b at the end of 4Q15.

Its credit quality is trending upward.

Credit cost is expected to have declined 74% in 4Q15.

Blame it on post-merger expenses with BTMU.

4Q15 net profit may have fell by 41% QoQ.