SCB is confident its promotional campaigns will boost growth in the bank's housing loan segment. The bank's bad housing loan ratio is at around 2% compared with the industry's 3.4% average," Ms Jamaree said. SCB, with a mortgage loan portfolio of 609 billion baht, has used several instruments, including debt restructuring and bad-asset sales, to prevent NPLs from rising. Separately, Kasikorn Research Center has revised down the industry's mortgage loan growth to 5.5% this year from 7% predicted earlier in line with the economic circumstance. SCB shares closed Friday on the Stock Exchange of Thailand at 154.50 baht, up one baht, in heavy trade worth 109 billion baht.

Source: Bangkok Post July 09, 2017 23:37 UTC