The Thai banking system last year was resilient, with good performance, according to Bank of Thailand.
Credit growth slowed down, while loan quality was still intact, albeit slightly deteriorated. Loan loss provision and capital remained high.
The banking system’s loan expanded at 11.0 per cent, decelerated from 2012 in tandem with a slowdown in the economy. Consumer loan, which contributed mainly to the overall loan deceleration, grew by 12.9 per cent, decelerating in almost all sectors as a result of slowdown in car loan after the first-car tax rebate scheme ended, and slowdown in personal loan and credit card loan as household became more cautious and banks more stringent in loan approval.