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Business

Big Thai banks post profit rise for three straight quarters

Given sluggish economy, lower provisioning could be risky, analyst says

BANGKOK -- Thailand's four largest banks by assets saw their combined net profits rise for the third consecutive quarter in January to March, helped by lower provisioning for future defaults.

Although this is a sign that lenders foresee an improvement in Thailand's long sluggish economy, some analysts warn that it is too soon to celebrate, as nonperforming loans continue to rise at a double-digit annual clip.

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