Fitch expects banks' loan growth to pick up during remaining months
July 25, 2014 00:00
Thai banks' loan growth is likely to accelerate in the second half of 2014, after domesticlisted lenders posted an increase of just 1.5 per cent year-to-date in the first half, says Fitch Ratings.
This will be reflective of an improving macroeconomic environment.
However, Fitch cautions that assetquality pressures on the banking system are likely to remain – given Thailand’s rapid accumulation of privatesector debt since 2011, combined with the weak economy from the second half of 2013 through the first half of 2014.