Earnings Report /
Thailand

TMB Bank PCL: Deep miss, due to very heavy LLPs

  • Earnings were 30% below our expectation

  • TMB announced a 4Q20 profit of Bt1.2bn

  • The lending portfolio at YE20 was up 2.2% QoQ

Suwat Bumrungchatudom
Suwat Bumrungchatudom

Equity Research Analyst 

Bualuang Securities
21 January 2021