People discuss financial deals at a KBank booth at Money Expo 2022, which was held May 12-15 at Impact Muang Thong Thani. (Photo: Nutthawat Wicheanbut)
The commercial banking sector showed strong growth in the personal loan category during the first quarter this year because of greater household demand for liquidity to support daily spending needs amid the economic doldrums.
According to the Bank of Thailand, the commercial banking industry’s personal loan growth in the first quarter stood at 6.6% year-on-year, the largest expansion among all loan products, although it was a decrease from the 7.8% growth recorded in the previous quarter, said Suwannee Jatsadasak, the central bank’s senior director.
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