Bank loans expand 5.26% in five months
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Commercial banks have witnessed a continued growth in bank loans in the first five months of this year, with Siam Commercial Bank reporting the biggest increase of 8.5 per cent from the end of last year.
According to their filing to the Stock Exchange of Thailand, the average bank loan growth during January and May was 5.26 per cent, or by Bt378.78 billion.
In the period, SCB's lending base expanded by Bt105 billion or 8.5 per cent, to Bt1.33 trillion. Trailing behind was Bangkok Bank, of which outstanding loans expanded by Bt70.8 billion or 5.27 per cent: Krungthai Bank, by Bt52 billion or 3.77 per cent; Kasikornbank, by Bt38.5 billion or 3.32 per cent.
Medium and small-sized banks also saw an increase in lending.
The commercial banks' deposit base rose 10.10 per cent on average, or by Bt698.9 billion. Krungthai Bank witnessed the highest increase of 14.57 per cent, or by Bt187 billion.
