Bank loans may grow more than 2% this year: BoT
published : 17 Feb 2020 at 15:10
Commercial bank loans in Thailand may grow more than 2% this year while bad loans are likely to increase as the economy slows, a senior director at the Bank of Thailand (BoT) said on Monday.
Non-performing loans (NPLs) could be higher than 3% of total lending at some points this year, Director Tharith Panpiemraas told reporters.
In 2019, loans grew 2% while NPLs stood at 2.98% of lending.