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Monday, April 29, 2024

Banks put the brakes on loan growth

Move reflects global economic worries

Leading banks exhibit at a recent edition of Money Expo. Nine SET-listed banks reported consolidated outstanding loans of 14.3 trillion baht as of June. (Photo courtesy of Facebook: Moneyexpo)

Banks are tightening their loan growth in the second half of this year because of global economic uncertainty and Thailand’s uneven recovery.

Payong Srivanich, president of Krungthai Bank (KTB), said the bank would be more vigilant in expanding loans in the second half of the year in accordance with higher economic uncertainty both domestically…

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