Impact of loan rate cuts on key players deemed as limitedPeople seek consultations about how to settle their debts at an event in January. According to an analyst in the banking sector, the loan rate cuts by the four major banks account for 7-10% of each bank's total loan portfolio. "The impact of the loan rate cuts will be limited, helping the banks in managing asset quality amid an uneven economic recovery," said the analyst, who requested anonymity. KTB's loan rate reduction is estimated to affect about 300,000 retail loan accounts with a total credit line of 200 billion baht. Around 200,000 customers qualify for the loan rate reduction, with a total credit line of 82 billion baht, according to KBank.

Source: Bangkok Post May 02, 2024 02:13 UTC