Fitch expects loans under regulatory relief to fall significantly over the course of the year. Around 14% of system loans were under relief as of February 2022, although the portion would be lower if state policy banks were excluded.
Preliminary 1Q22 results from listed banks have been broadly in line with our expectations, with a slight recovery in profitability, as well as stable or improving asset quality ratios. Fitch expects bank earnings to continue to recover during 2022, supported by lower credit costs.
The report, "Thai Banks Dashboard: May 2022", is available at www.fitchratings.com or by clicking on the link above.
Source: Fitch Ratings