BBL bullish on 15% mortgage loan rise | Bangkok Post: business

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BBL bullish on 15% mortgage loan rise

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Bangkok Bank (BBL), the country's largest lender by assets, is upbeat about achieving its ambitious mortgage loan growth target of 15% this year after 6% growth in the first half. 

The bank's aggressive mortgage loan expansion strategy and the economic rebound could help it achieve the full-year target, said Pochanee Kongkalai, executive vice-president.

The bank delivered 6% housing loan growth to 184 billion baht at the end of June from 173 billion at the end of 2013, while the banking industry recorded flat growth in the sector as the economy faltered. BBL expects its outstanding mortgage loans will reach 200 billion baht by year-end.

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