KBank: Politics saps SME loan demand | Bangkok Post: business

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KBank: Politics saps SME loan demand

Economic growth loses momentum

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Demand for SME loans is falling in the wake of escalating political tensions and the economic slowdown, says a senior Kasikornbank executive. 

Of KBank's loans outstanding to small and medium-sized enterprises (SMEs) of 516.17 billion baht, around a quarter has been shaved off as existing borrowers have repaid debts, while none of those receiving a credit line have drawn down loans, said executive vice-president Patchara Samalapa.

Sluggish loan demand has been mostly seen among medium-sized businesses with strong financial positions.

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