RETAIL BANKING | Staff Reporter, Thailand

Chart of the Week: Thai banks' loan growth to hit 5% in 2017

It recovered to 3.3% in Q2.

Whilst Thai banks' loan growth is still considered sluggish, it steadily recovered to 3.3% yoy in 2Q17 (1Q17: 2.8%).

Based on the July balance sheets of the banks, UOB Kay Hian expects July to have seen a continued pick-up in loan growth to about 4% yoy.

"Better loan growth has been supported by higher loan demand from the corporate sector (real estate, export-related and construction industries). We expect loan growth to steadily recover to about 5% in 2017, underpinned by a continued economic recovery and infrastructure project spending," added UOB Kay Hian.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.