Mr. Phayong Srivanich, President of Krungthai Bank (KTB) and Chairman of the Thai Bankers' Association, stated that solving structural debt problems requires a shift to a Debtor-Centric approach, placing the debtor at the center. He also revealed that progress in establishing a joint venture asset management company (JV AMC) with Bangkok Commercial Asset Management Public Company Limited (BAM) has exceeded 50%, with consideration still underway on whether to partner solely with BAM or include other parties. Mr. Phayong noted that the lack of standardized financial data systems has caused some debtors to move to Non-Bank and state banks, while the Bank of Thailand (BOT) is accelerating the Level Playing Field initiative to ensure fair competition. Regarding KTB's NPL situation, the worsening groups are mostly vulnerable segments affected by disruptions such as AI replacing labor, thus requiring a Sectorial Approach rather than a One-size-fits-all solution. In terms of growth, KTB emphasizes Asset Light and partnerships that do not require heavy investment, with this year's ROE still in line with the double-digit target, and Tier 1 capital (CT1) remaining at a high level. For 2026 performance, the focus remains on maintaining stability and delivering results in line with targets, while creating New Drivers to lay the foundation for being Future Ready.
Krung Thai Bank Public Company LimitedPresident backs debtor-centric approach, JV AMC progress over 50%, and maintains double-digit ROE target
Bangkok Commercial Asset Management Public Company LimitedJV AMC progress over 50% with KTB, but partnership scope still under consideration
