Performance of the Thai Banking System in the Second Quarter of 2017

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1 Performance of the Thai Banking System in the Second Quarter of

2 Overall Performance of the Thai Banking System in the Second Quarter of Loan growth increased to a level comparable to GDP growth. Loan growth increased mainly from large corporate loans in several industries. Overall consumer loan growth remained stable while auto loan growth accelerated. Loan quality deteriorated. NPL increased mostly from few large corporates, whereas bank s debt write-off increased, resulting in the ratio of NPL to total loan of 2.95%, compared to 2.94% last quarter. Banks net profit declined. Net profit declined due to increased provisioning expense to cushion for deterioration in loan quality. Loan loss provision and capital fund remained high. Ratio of actual to regulatory loan loss provision was at 16.7%. BIS ratio and Tier-1 ratio were at 17.9% and 15.2% respectively. 2/12

3 %yoy 3 25 Bank loans and financing through debt securities expanded in line with continued economic expansion. GDP and Loan Growth Q1 Q Real GDP Total Loan Bond* Total Loan and Bond* *Debt securities include commercial paper and corporate bond issued by private sector. Source: Bank of Thailand 3/12

4 Loans to large corporate and SME exhibited higher growth, with concentrations in some sectors. Loan growth increased from corporate loans, particularly large corporates. Loans to large corporate expanded especially in real estate, export-related industries, street construction and service sectors. Loans to SME expanded in accommodation and office building business. Overall consumer loan remained stable while auto loan growth accelerated Q Commercial Bank Loan Growth %yoy 25 Q1 Q2 Large Consumer Total SME Corporate Total Loan Corporate Loan Large Corporate Loan (excluding Financial Business) SME Loan (Excluding financial business) Consumer Loan % Total Loan : Large corporate loan (excluding financial business) 25.7% SME loan (excluding financial 33.3% business) Consumer Loan 32.5% Q2 4/12

5 Corporate loan growth increased, mainly in real estate, services, and manufacturing sectors. Corporate Loan Growth Structure of Corporate Loans as of June (% to total loans) 5/12

6 Overall consumer loan growth remained stable while auto loan growth accelerated. Consumer Loan Growth Structure of Consumer Loans as of June (% to total loans) 6/12

7 Loan quality: NPL increased mostly from few large corporates. %NPL Non-Performaing Loans (NPLs) Q1 Q2 SME Total Consumer Large Q1 Q Special Mention (SM) %SM 6 Q1 Q2 Consumer Total SME Large Q Q2 %NPL to Total Loan %NPL SME Loan %NPL to Large Corporate Loan %NPL Consumer Loan %SM to Total Loan %SM SME Loan %SM Large Corporate Loan %SM Consumer Loan 7/12

8 Corporate loan quality deteriorated in mining and certain manufacturing sectors. Non-Performing Loans (NPLs) Special Mention (SM) %NPL Q1 Q1 Q2 Commerce Manufacturing Real Estate+Construction Services Public Utilities Mining %SM Manufacturing Services Commerce Real Estate+Construction Public Utilities Mining 213 Q1 Q1 Q Q Q2 Q Q2 Manufacturing Commerce Public Utilities Services Real Estate+Construction Mining Manufacturing Commerce Public Utilities Services Real Estate+Construction Mining 8/12

9 Consumer loan quality : NPL declined in almost all loan types except auto loans Non-Performing Loans (NPLs) %NPL Q1 Q2 1 Credit Card Housing Personal Auto Q1 Q Housing Auto Personal Credit Card %SM Special Mention (SM) Credit Card Personal Auto Housing Q1 Q Q1 Q Housing Auto Personal Credit Card 9/12

10 Loan loss provision and capital fund remained high. Loan loss provision Capital fund 1/12

11 The Thai banking system s net profit declined due to increased provisioning expense. Profitability Return on Asset, Return on Equity and Net Interest Margin 11/12

12 The Thai banking system has sufficient liquidity to facilitate credit expansion. Loan to Deposit Ratio Billion Baht % 13, 15 12, 11, 1, 9, Q1 Q Liquidity Coverage Ratio (LCR) Billion Baht % 5, , , 2, 1, Jan 216 Mar May Jul Sep Nov Jan Mar May June Deposit Loan L/D Ratio [RHS] High-quality Liquid Assets (HQLA) LCR [RHS] 12/12

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