Growth in credit at seven-year low in 2016
Play
THE TOTAL value of credit extended in Thailand last year edged up 2 per cent, the lowest in seven years, reflecting the slow economic expansion, the Bank of Thailand has reported.
In 2015, the country’s credit expansion was 4.3 per cent.
Assistant BOT governor Somboon Chitphentom also blamed the country’s sluggish economy for a decline in credit quality.
