Four large Thai banks: KTB, BBL, KBANK, and SCB all have an NPL-to-net loans ratio above the world.
KTB and BBL appear cheapest on a price-to-book basis, this is partially driven by higher NPLs, BBL is likely able to absorb those more easily.
(Click on image to enlarge)
*NPL is Nonperforming loan. KKP=Kiatnakin Bank, CIMBT=CIMB Thai Bank, KTB=Krung Thai Bank, BBL=Bangkok Bank, KBANK=Kasikornbank, TMB=TMB Bank, SCB=Siam Commercial Bank, BAY=Bank of Ayudhya, LHBANK=LH Financial Group, TCAP=Thanachart Capital, TISCO=TISCO Financial Group.
