Siam Commercial Bank PCL on Jan. 21 disclosed its financial targets for 2020, saying it expects loan growth of between 3% and 5% during the year.

The bank expects its net interest margin to be between 3.2% and 3.4% and noninterest income to grow between 7% and 10% in 2020. It expects its gross nonperforming loan ratio to come in at about 3.4% and cost-to-income ratio to be in high 40s.

The bank warned that the financial targets are based on preliminary estimates and may change due to economic conditions or other unforeseen circumstances.