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.

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