Most Thai Banks Have NPL-to-Net Loans above the Global Average
- Four large Thai banks: KTB, BBL, KBANK, and SCB all have an NPL-to-net loans ratio above the world
- KTB and BBL appear cheapest on a price-to-book basis, this is partially driven by higher NPLs, BBL is likely able to absorb those more easily
*NPL is Nonperforming loan. KKP=Kiatnakin Bank, CIMBT=CIMB Thai Bank, KTB=Krung Thai Bank, BBL=Bangkok Bank, KBANK=Kasikornbank, TMB=TMB Bank, SCB=Siam Commercial Bank, BAY=Bank of Ayudhya, LHBANK=LH Financial Group, TCAP=Thanachart Capital, TISCO=TISCO Financial Group.
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