(0 votes, average: 0.00 out of 5)You need to be a registered member to rate this post.
Loading ...
Loans extended are likely to signal growth in this year’s second quarter in tandem with projected global economic recovery, according to a top Bangkok banker.
Despite the lacklustre performance earlier in the year, Kbank president Prasarn Trirattanaworakul said the world economy now showed signs of improvement, which fares well for international trade.
He said he believed the global economy would recover markedly in the fourth quarter of this year.
In the 1st quarter, Mr. Prasaarn said, the bank’s loans had declined by 2-3 per cent, but he is confident the loan target set earlier at 5 per cent for this year would be met.
Mr. Prasarn said he remained certain the bank would be able to keep non-performing loans (NPLs) at not exceeding 4 per cent for this year.
NPLs incurred by the bank increased in the first quarter of the year as a result of the loan extension constraint.
The number of clients with slowed debt repayment, but not exceeding 90 days, is rising. Consequently, the bank sees a need to supervise individual cases more closely and find a proper approach to address the problem. (TNA)
Read also
