Thailand’s banking system remained resilient with high capital buffers and liquidity to cushion economic uncertainty, the Bank of Thailand (BoT) said on Monday, as the country deals with a third wave of coronavirus infections.
The outbreak, the country’s biggest so far, has hit consumption and tourism, prompting a growth outlook downgrade by the state planning agency on Monday.
In the first quarter, overall loans expanded 3.8% from a year earlier, slowing from a 5.1% rise in the previous quarter, as large corporate loan growth moderated following an acceleration in loan usage last year, Suwannee Jatsadasake, a senior director at the BoT, told a briefing.
Corporate loans grew 3% in the March quarter from a year earlier while consumer loans increased at a faster pace of 5.3%.
Loan quality remained stable, helped by credit assistance and revised rules on loan…
