Taiwan-based CTBC Bank (CTBC), a major shareholder of Land and Houses Bank (LH Bank), sees high growth potential of Thai small and medium-sized enterprises (SMEs) in the long term, though the SME segment is still facing hardships amid the pandemic, LH Bank president Chompoonoot Pathomporn said in an exclusive interview with the Bangkok Post. Given the progress of SME development in Taiwan and CTBC for more than 10 years, CTBC sees Thai SMEs still have room to further develop, particularly new generation SME business owners. Given the Covid-19 impact, especially on local SMEs, some of the bank's SME customers can adjust operations and generate income positively. As of June, LH Bank booked total loan growth of 5.8% from the end of last year, mainly from conglomerate and corporate loan growth at 12.3% and retail loan growth of 7.3%. LH Bank has been upgrading investment features on its mobile banking app and the new version is scheduled to launch at the beginning of next year.

Source: Bangkok Post August 09, 2021 21:11 UTC