Commercial banks' loan growth 4.6% in Q2, BOT says
Play
COMMERCIAL banks saw steady lending growth of 4.6 per cent year on year for the second quarter, while setting aside more provisions to cope with drops in loan quality, particularly for loans to small and medium-sized enterprises, according to the Bank of
Jaturong Jantarangs, senior director at the BOT, said commercial banks’ loan growth became steady after consistent slowdowns from private investment and spending since the fourth quarter of 2012. The first quarter’s loan expansion was 4.3 per cent year on year.
Business loans, which accounted for 68.7 per cent of total lending, increased by 3.2 per cent year on year in the April-June period from higher figures in the financial, property, manufacturing and utility groups, he said.
