New loans offset by debt repayment
The banking sector booked flat loan growth last year as a result of debt repayment by borrowers and banks’ increased scrutiny of loan expansion amid heightened economic uncertainties.
Ten commercial banks listed on the Stock Exchange of Thailand (SET) reported combined loans worth 14.7 trillion baht in 2023, rising slightly by 0.68% year-on-year.
The country’s three largest lenders by total assets — Bangkok Bank (BBL), Kasikornbank (KBank) and Krungthai Bank (KTB) — booked contractions of 0.4%,…
