BANGKOK, 28 June 2012 – The Thai central bank has revealed that local commercial bank loans are expanding at a satisfactory rate of 15 percent.
Bank of Thailand (BoT) Assistant Governor Salinee Wangtal said that the latest data shows that the country’s commercial bank loans have been growing at the rate of 14-15 percent.
Ms. Salinee stated that the recorded growth rate is sound while the BoT has found that the quality of debtors and the loans has been nothing out of the ordinary.
She noted, however, that even though SME loans appeared to be growing at a slightly lower rate than the overall loan growth, it is believed that there will still be a sizable and continued demand for fund in the market.
The BoT Assistant Governor indicated that there are currently around 2 million small SME operators under the central bank’s support and they are likely to be in need of more bank loans.
