Thai banks' loan growth to hit 5% in 2017

Loan demand will pick up in the second half of 2017.

Overall loan growth should be sluggish in 2Q17, given the subdued loan growth in April and May, according to UOB Kay Hian. Loan grew 0.5% mom in May, bringing 5M17 loan growth to 0.7% yoy.

"However, we are seeing a slight improvement in growth momentum in May, which rose 0.5% mom vs 0% mom in March and +0.4% mom in April. According to channel check with banks, key loan growth driver so far has been corporate loan demand. Going forward, banks expect loan demand to pick up in 2H17, underpinned by the progress of infrastructure projects. For the year, we forecast loan growth at around 5%," added UOB Kay Hian.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!