FINANCE SECTOR Outstanding loans hit Bt11.07 tn in March
Total outstanding loans in the financial service sector reached Bt11.07 trillion, as of March 31, representing an increase of Bt19 billion or 0.17 per cent from March 2017, according to a statement released by Kasikorn Research Center (Kresearch) yesterday.
In the first quarter of this year, total outstanding loans rose 4.59 per cent from the same period last year with corporate loans, housing loans, and hire-purchasing loans topping the list, it said.
As of March 31, banks’ outstanding deposits totalled Bt12.24 trillion, up Bt58 billion or 0.47 per cent from the same month last year.
Kresearch has maintained its forecast of loan growth at 4.6 per cent in the second quarter of this year as growth of the loacal and global economies will continue to drive demand for loans in the second quarter of this year.
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