Consumers use ATM services at a branch of Siam Commercial Bank. During the Covid-19 pandemic, consumer loans grew by 4.2% in 2020 and 4% in 2021. (Photo: Varuth Hirunyatheb)
The Bank of Thailand (BoT) expects that the picking up trend of the Thai economy will support economic activities and loan demand this year.
Loan demand for 2022 should be in line with economic activity under the economic rebound. Normally the BoT does not forecast loan growth of the banking sector, said the central bank’s senior director Suwannee Jatsadasak.
According to the National Economic and Social Development Council, the economy is expected to expand in the range of 3.5-4.5% this year, up from 1.6%…
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