Krung Thai Bank has budgeted Bt12 billion for the development of its digital technology and information system towards the goal of sustainable growth in the long term, the bank’s president Payong Srivanich said yesterday.
“The investment may raise our cost of operations. However, this is a long-term investment that will have less impact on our business,” he said.
He added that if the bank increases its minimum retail rate by 0.25 per cent to the same level as other commercial banks, its net profit will rise immediately. But it does not because of its concern of the customers, he added.