Corporate loan demand to hit Bt1.2 tn in 2012
Kasikornbank expects loan demand from large-sized corporations to reach Bt1.2 trillion next year, including Bt150 billion for post-flood recovery.
Vasin Vanichvoranun, executive vice president of the bank, said that of total, the corporations should need Bt400 billion to expand existing business, Bt250 billion to start new business, and Bt400 billion for overseas expansion. Most of the companies are expected to operate in seven key industries - infrastructure, construction materials, petrochemical, automotive/electronics, trade and property development.
In the first nine months of this year, corporate loans to infrastructure companies increased by 78 per cent on year, oil and petrochemical companies by 43 per cent, and automotive/electronics by 11 per cent.
Kasikornbank Group plans to win the biggest market share in this loan category, aiming to grow corporate loan by 9 per cent from 2011. This will boost its market share to 25 per cent. Total income from this business is expected to increase 22 per cent.
During this year, it has been appointed to advise on the mobilisation of Bt220 billion for 20 projects. It has extended Bt350 billion loans to 67 projects.
