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Thai banks forecast to post higher earnings

The Thai banking sector is likely to post higher earnings on the back of the country’s economic recovery, according to credit ratings agency Fitch Ratings. Tania Gold, the firm’s senior director and head of South and Southeast Asia banks ratings, said the economy recovery and reduced provisioning will help improve earnings in the Thai banking sector. Improving business activities and higher loan demand will facilitate banking business growth, even though the Thai economy will rebound gradually, she added. According to this month's Fitch Ratings banking outlook for 17 Asia-Pacific countries, six countries have improved, including Thailand.

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