In the first six months of this year, a modest increase in mortgage loans was recorded by banks as purchasing power of homebuyers took a hit due to ascending interest rates.
Collectively, eight out of the ten SET-listed banks reported consolidated outstanding mortgages tallying 2.39 trillion baht as of June, marking a 1.04% rise from 2.37 trillion baht in December 2022.
Among the five largest lenders in the country, Siam Commercial Bank (SCB) registered the most substantial growth rate of mortgage loan products at 2.69%. In stark contrast, the Bank of Ayudhya, marketed under the name Krungsri, reported a contraction of its mortgage loan products by 2.73% in the same timeframe.
On the other hand, Land and Houses Bank (LH Bank) notched the highest mortgage loan growth rate during this particular period at 16.7%, with Kiatnakin Phatra Bank (KKP)…
