Bank loans may grow more than 2% this year: BoT

Bank loans may grow more than 2% this year: BoT

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.


Do you like the content of this article?
COMMENT (2)

NACC seeks to overturn Suthep graft acquittal

The National Anti-Corruption Commission (NACC) will appeal a court ruling acquitting former protest leader Suthep Thaugsuban of corruption in projects to construct police stations and living quarters while he was deputy prime minister more than a decade ago.

08:28

SAT warns NBTC: Dialogue or court

The Sports Authority of Thailand (SAT) has challenged the National Broadcasting and Telecommunications Commission (NBTC) to seek a court ruling to settle a dispute over the funding of the rights to broadcast Fifa World Cup 2022 final matches.

08:20

Stray elephant 'recovering from injuries'

A two-month-old elephant calf is still under medical care after forest officials found it in a forest in Kanchanaburi at the end of last month, according to the Wildlife Conservation Office.

08:14