(Photo courtesy of Facebook: Moneyexpo)Banks are tightening their loan growth in the second half of this year because of global economic uncertainty and Thailand's uneven recovery. Global economic slowdown would impact Thai exports and the loan growth of the business segment. Therefore, the bank believes it will book positive loan growth throughout the year. On the other hand, Ronadol Numnonda, the Bank of Thailand's deputy governor, said the banking industry's loan growth is expected to continue in the second half of this year, supported by the manufacturing and tourism sectors. As a result, the bank is expected to expand loans at low-edge growth rather than middle growth for the whole of 2023 in accordance with the bank's tightening risk management policy, said chief executive Kris Chantanotoke.

Source: Bangkok Post August 02, 2023 00:42 UTC