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.
Leave a reply
The Demographic Advantage: Why Southeast Asia’s Economic Future Looks Promising
Southeast Asia's economic future looks promising, largely due to its demographic advantage. With a young and dynamic workforce, a burgeoning middle class, and rapid urbanization, the region is poised for sustained growth and development in the coming years. Discover how these factors contribute to Southeast Asia's bright economic prospects.
Thailand Retirement Ranking Improving
To see the Thailand Retirement Ranking improving delighted the Thai Prime Minister Prayut Chan-o-cha said government spokesman Anucha Burapachaisri. In...
Thai Stock Market Analysis May 9, 2022: How Much Lower Will the the SET fall?
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...
