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Kiatnakin loans to real-estate sector continue to grow

Sep 16. 2019
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By THE NATION

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The number of loans given out by Kiatnakin Bank (KKP) to real-estate sector continue to grow, thanks to its focus on major real-estate players, especially those listed in the stock exchange, Sammit Sakulwira, the bank’s first executive vice president and head of commercial lending group, said.

 

He added that its portfolio of loans to real-estate sector, which stands at Bt30 billion at present, is expected to expand 10 per cent this year. 

Sammit explained that there has been low growth in new loans given to the real-estate sector, due mainly to a slow down in the development of new projects in response to a slowing economy and a supply glut in the market. However, he said, some developers still sought loans to purchase land for projects they plan to introduce in the next two years.

He added that tapping major developers means KKP’s loan portfolio is healthy given that the borrowers are financially stable and can repay. has continued to grow thanks to its focus on major real-estate players, especially those listed in the stock exchange, Sammit Sakulwira, the bank’s first executive vice president and head of commercial lending group, said. 

 

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