KBank eyes 6-7% loan growth
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Kasikornbank targets loan growth at 6-7 per cent in 2016 on assumption that the economy would expand by 3 per cent.
Predee Daochai, president of the bank, said that the government spending next year to materialise 20 infrastructure projects worth totally Bt1.77 trillion would be the main factor to drive the economy next year. The public investment expenditures for the 2016 fiscal year at Bt544 billion showed a 20.7 per cent increase from the previous year. Meanwhile, boosting the economy would also be the tourism industry as well as the government's financial measures for SMEs.
Meanwhile, the export sector is expected to show positive growth in 2016, after three years of contraction. Border trade is expected to swell further thanks to planned special economic zones.
