Net loans decline by Bt79 bn in January

Economy February 23, 2018 21:24

By The Nation

Net loans in January declined by Bt79 billion from the previous month to Bt10.9 trillion in January, but the figure is also 4.23 per cent higher than during the corresponding month last year, according to KResearch.

KResearch said in a statement that the lower loan should be the result of debts being paid in the business sector, as well as in the credit card and personal loans after New Year spending.

Savings in January grew by Bt98 billion from the previous month and grew by 7.11 per cent compared to the same month in 2017.

Most of the savings come from large banks, and grow both in current and savings accounts.

KResearch said loans are expected to grow further in 2018 according to government project spending and export growth.