snoop1130 Posted November 18, 2019 Share Posted November 18, 2019 Thai banks target loan growth of 3-5% this year - central bank FILE PHOTO: Thai baht notes are seen at a Kasikornbank in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha BANGKOK (Reuters) - Commercial banks are aiming for loan growth of 3-5% this year, with lending seen picking up in the final quarter, a senior director at the Bank of Thailand said on Monday. Lending rose 3.8% in the third from a year earlier, slowing from a 4.2% rise in the previous quarter, director Tharith Panpiemraas told a news briefing. Last year, loans expanded 6%. -- © Copyright Reuters 2019-11-18 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
billd766 Posted November 18, 2019 Share Posted November 18, 2019 Good idea to lend more money to people who are already up to their <deleted> in debt. ???? ???? Link to comment Share on other sites More sharing options...
meechai Posted November 18, 2019 Share Posted November 18, 2019 smells like USA circa 2007-2008 The glut of new homes new condos, too many shopping malls, new car incentives...What we need are more loans, We gotta move some color TV's ???? Link to comment Share on other sites More sharing options...
Mavideol Posted November 18, 2019 Share Posted November 18, 2019 how will they be doing it, the business year ends in around 1 month.... but again the contradictions still there thus making us more and more worried We are very worried about the baht," BOT Governor Veerathai Santiprabhob told a seminar in the southern province of Songkhla Link to comment Share on other sites More sharing options...
RichardColeman Posted November 19, 2019 Share Posted November 19, 2019 Wonder if they are factoring the PM investing money in loans ! Link to comment Share on other sites More sharing options...
Sydebolle Posted November 19, 2019 Share Posted November 19, 2019 I never got to terms with the fact that anybody in his right mind would borrow money from banks which do not know the difference between a mortgage and a normal credit loan which is offered at staggering Yearly interest rates closer to 10% than to 5% against collaterals which are usually 200%+ of the loan. It also takes more than a month to get a loan approved (so I am being told) hence a good business opportunity might be lost for an investor simply because the banks are poking noses and scratching you-know-what. All the others with no collaterals, no financial educations whatsoever etc. are feeding the ever-present loan sharks, albeit at interest rates of 4% - 10%; per month that is. So, while they figure out how to get the money (cheap) out of the Social Security Insurance they simultaneously look into increasing loans. To the benefit of who please? Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted November 19, 2019 Share Posted November 19, 2019 15 hours ago, meechai said: smells like USA circa 2007-2008 The glut of new homes new condos, too many shopping malls, new car incentives...What we need are more loans, We gotta move some color TV's ???? You may very well be right. Just recently there were 2 bank-runs in China, but rumor based, but nevertheless bank-runs where the authorities had to step in. The last few years the global monetary system have been feeding off QE, but signs are starting to show that we are running out of steam. If a real crisis happen the banks have already done some damage control by lowering the deposit guarantee. Are they hiding some dirty laundry? Link to comment Share on other sites More sharing options...
Isaan sailor Posted November 20, 2019 Share Posted November 20, 2019 Thailand’s recession moves forward at a rapid pace. The SET falls reflecting the out of control currency. This will end in tears. Link to comment Share on other sites More sharing options...
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