Low loan growth projected for the rest of 2024, pressured by economic conditions
- KResearch has downwardly revised its 2024 loan growth projection to 1.5 percent, from the prior estimate of 3.0 percent (made in January 2024), in line with a sluggish recovery of the Thai economy.
- Retail loans in 2024 may see relatively low growth, particularly home loans and auto hire-purchase loans. Meanwhile, business loans may rebound somewhat if economic activity resumes growth during the remainder of the year.
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