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Banks lend more to SMEs

  • Published: | Viewed: 1,508 | Comments: 0
  • Newspaper section: Business
  • Writer: Pornsawan Nantha
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The amount of new loans to small and medium-sized enterprises (SMEs) in May increased by 20 billion baht from the previous month, a sign that banks have been more enthusiastic on lending with the improved economic climate. 

Despite the lower new SME loan growth in May, it outpaced an 8.8% year-on-year overall loan growth of commercial banks, said Salinee Wangtal, an assistant governor of the supervision group.

SME loans in May grew 10.3% over the same period last year, slightly below the 10.8% rise in April.

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