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Saturday, May 4, 2024

Growth in mortgages slim in H1

Siam Commercial Bank (SCB) books the highest growth rate of mortgage loan products at 2.69%. (Photo: Money Expo)

Banks booked marginal growth in mortgage loans for the first half of this year as rising interest rates weakened the purchasing power of homebuyers.

Eight of the 10 SET-listed banks in total reported consolidated outstanding mortgages of 2.39 trillion baht as of June, up 1.04% from 2.37 trillion baht in December 2022.

Among the country’s five biggest lenders, Siam Commercial Bank (SCB) booked the highest growth rate of mortgage loan products at 2.69%, while Bank of Ayudhya, under the marketing name of…

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