24 Nov 2022
Financial Institutions
Fast approaching is the last month of 2022, a year in which Thailand’s economy has bottomed out following the years-long impacts of the COVID-19 pandemic. In principle, the economic recovery should be a supporting factor for investment in risk assets. In fact, however, overall investment has proven quite volatile this year, especially in high-risk assets like cryptocurrencies. This has also impacted related players in the ecosystem such as platform providers or large brokerage companies.... Read more
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26 Mar 2019
Net loans accelerated in February, supported by key retail loans, i.e. home and auto hire-purchase loans, in line with growing loan demand as a result of short-term factors. These include higher number of home ownership transfers before the enforcement of a new home loan measure on April 1, 2019 and continuing growth seen in car sales since late 2018. Meanwhile, unsecured loans overall continued to be inhibited by debt payments. As a result, February net loans increased THB30 billion or 0.26 percent over the previous month while corporate and SME loans grew slightly at several banks. However, February net loans declined THB30 billion when compared to that reported at the end of 2018, partly because of the business sector’s direct fund mobilization via debenture issuance of over THB100 billion during the first two months of 2019. Of that total, some debentures were issued to replace maturing debentures while over THB25 billion worth of debentures were issued for debt payments to financial institutions and business expansion. ... Read more
26 Oct 2018
In September, net loans in the Thai commercial banking system rose THB3.76 billion or 0.03 percent over the previous month, reaching THB11.345 trillion. The increase, which was supported by growth in all types of retail loans, resulted in the rise in net outstanding loans by 5.78 percent as compared to September 2017 in spite of the seasonal slowdown of loan growth in the third quarter of the year and lower business loans in line with debt repayment and fund raising via bond issuance to lock financial costs before interest rate hikes. As for SME loans, they slightly increased.... Read more
26 Sep 2018
Net loans in the Thai commercial banking system (14 commercial banks) grew THB26.4 billion to THB11.34 trillion in August, rising 0.23 percent MoM or 5.85 percent YoY. The increase was supported by all types of retail loan while SME loans began to recover somewhat. However, because there were still business loan settlements, net loans rose only marginally in August. Meanwhile, deposits contracted from the previous month by THB25.3 billion or 0.21 percent MoM to THB12.27 trillion, led by CASA deposits. As a result, deposit growth slipped to 4.73 percent YoY and 1.43 percent YTD. Liquidity in the commercial banking system also tightened as evidenced by the ratio of net loan to deposit, plus issued debt and borrowing (LTD+Borrowing Ratio) that edged up to 87.63 percent, over 87.23 percent reported for July.... Read more