Wednesday, June 27, 2007

Bangkok Bank's 2007 Profit to Stall Amid Confidence Slump, Chartsiri Says

(Bloomberg) -- Bangkok Bank Pcl, Thailand's biggest
financial-services company, said profit growth has stalled in the
wake of a military coup that sapped consumer and business
confidence.

``We expect profit this year to be along the same basis with
what we have seen in 2006,'' said Chartsiri Sophonpanich, 48, the
bank's president, in a June 25 interview in Bangkok. ``Confidence
is low but there has been some slight improvement with the
announcement of the election timing by the end of this year.''


Read more at Bloomberg Emerging Markets News

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