BOT watching jump in household credit of banks

The household credit of commercial banks jumped 21.6 per cent, against a slower expansion of commercial banks' overall credit, which registered a slight slowdown.

With a 13.7-per-cent growth in 2012, the Bank of Thailand (BOT) said it was keeping a close watch on credit for the purchase of cars and condominiums.

Anupap Kuvinichkul, senior director at BOT's Financial Institutions Strategy Department, said that commercial banks' credit for household consumption rose 21.6 per cent in 2012, compared to a 15.8-per-cent rise in 2011. Commercial banks' whole credit expanded 13.7 per cent in 2012, compared to a 15.1-per-cent expansion in 2011. The outstanding credit in 2012 totalled Bt9.6 trillion.

The business credit in 2012 expanded 10.6 per cent, slightly lower than the 2011 expansion of 14.8 per cent. Credit for small-and medium-sized enterprises also recorded a slower expansion at 14.1 per cent than the 14.4-per-cent rise a year ago.

The Nation