KTB clients show higher confidence
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Though floods devastated the country in the fourth quarter, Krung Thai Bank's business clients expressed higher confidence in the business outlook.
The business client confidence index rose to 56 frmo 53.5 in the third quarter of 2011.
Sompit Chareonkietkul, senior executive vice president of the bank, said that the improvement attributed to confidence that the post-flood government spending would lead to quick economic recovery in 2012.
They anticipated recovery thanks to the hike in civil servants pays, the first home buyer scheme, the first car buyer scheme and the reduction of corporate tax. Meanwhile, financial institutions' aggressive lending policy also eased their concerns over the impact of the global economic volatility.
