Kasikorn Bank posted total outstanding loans of Bt868,708mn, as of July 2009, a decline of Bt9,076mn, or -1.03% mom. This brings the bank’s seven-month lending to decline by Bt31,900mn, or -3.54% Ytd, mainly from working capital loan repayments. The bank is maintaining their 2009 loan growth target of 4-5%. Currently, we are maintaining our 2009 loan growth target at 4.0%. We expect loan growth improvement, especially in SME loans, in 2H09 due to an economic recovery, government stimulus packages and better loan seasonality.
KBANK July lending drops 1.03% mom
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The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
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