KBank seeks modest home loan growthKasikornbank (KBank) aims for low-double-digit mortgage growth this year, driven by online vendors and the freelance market, which offer vast business opportunities with low competition. Many self-employed workers still struggle to access bank loans because of a lack of bank statements, Mr Surat said. The bank slowed housing loan expansion in the fourth quarter of 2019 after delivering strong growth in the first nine months. As of September, the bank's housing loan portfolio amounted to 310 billion baht, up 16% year-on-year. KBank was anticipating more than 10% growth in housing loans last year while keeping a lid on the non-performing loan ratio for mortgages at 3.7%.

Source: Bangkok Post January 03, 2020 22:52 UTC