The Nation



SME Development Bank gains Bt407.44 million in net profit last year

THE Small and Medium Enterprise Development Bank of Thailand made net profit of Bt407.44 million last year, an improvement from the losses of over Bt4.039 billion a year earlier, due to its ability to boost interest income and curb Non-Performing Loan (NPLs).

According to president Manoonrat Lertkomolsuk, the bank had outstanding loan of Bt93.475 billion as of last December, down from Bt96.797 billion as of the end of 2012.

Last year it reduced the NPLs by Bt9.480 billion to Bt31.539 billion as of the end of last year.

The Nation

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