Thai Banks Urged to Enhance Technology Transformation for Improved Income
Tuesday, 2 April 2024, 23:33
Focus on Technology Transformation for Thai Banks
Thai banks are facing the imperative need to prioritize technology upgrades in light of declining profitability, as highlighted by a recent study. Despite their strong competitiveness, the institutions are grappling with the lowest return on equity (ROE) ratio in the region.
Challenges and Opportunities
- Lowest ROE Ratio: Thai banks are urged to address their diminishing returns on equity.
- Competitive Position: While maintaining competitiveness, Thai banks need to seek avenues for income enhancement.
The study underscores the crucial role of technology transformation for Thai banks to secure sustainable growth amidst evolving market dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.