Source: Bank of Thailand Total NPLs (gross NPLs) of commercial banks as of December 2021 increased to THB 530 billion or rose by THB 7.5 billion from the same period last year. NPL ratio decreased by 13 basis point and dropped to 3.0%. It was largely driven by loan expansions and debt restructuring policy which helped improve loan qualities. Retail’s NPL ratio dropped slightly to 2.7%. The decrease was from mortgage and hire purchase loans due to debt restructuring and measures from commercial banks. In 2021, interest income of commercial banks registered in Thailand dropped but net interest income improved from smaller interest expense while non-interest income increased. Net profit stood at THB 168 billion, increased by THB 36 billion or 27% from last year due to smaller provisions against economic risks that decreased 13% from the previous year. Fee and service income increased slightly from commission and other fees. Banking Industry: NPL Ratio 2017 2018 2019 2020 2021 1 0 3 5 7 2 4 6 8% 2.7 3.0 7.1 2.2 Large Corporate SME Retail Total 0.25% 0.38% 0.48% 0.48% 0.50% 0.73% 0bps -3bps -3bps -3bps -3bps -3bps Banking Industry: Average Deposit Rates by Maturity 2020 2021 Current and Saving TD <=3 Months TD › 2 Years TD 3-6 Months TD 6-12 Months TD 1-2 Years *Average from 6 largest commercial banks’ rates Source: CEIC 64 TMBThanachart Bank Public Company Limited
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