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Lending seen up

The Bank of Thailand said lending by commercial banks is expected to grow 9.8% this year, boosted by a recovery in the economy. Lending started to pick up late last year and the trend should continue, assistant governor Sorasit Soontornkes told reporters yesterday. The combined loan portfolio of the banking sector contracted 1.78% last year as demand for new money declined amid the economic recession, he said.

ThaiVest Editorial Team