Do you feel that Asia is at risk of a new credit bubble, and how can lending be reigned in?
Financial Services
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Interviews & Viewpoints | OBG talks to Chartsiri Sophonpanich, President, Bangkok Bank from The Report: Thailand 2014
Interviews & Viewpoints | OBG talks to Noriaki Goto, CEO and Director, Krungsri (Bank of Ayudhya) from The Report: Thailand 2014
What factors make Thailand’s banking sector a desirable destination for foreign investment?
Interviews & Viewpoints | OBG talks to Prasarn Trairatvorakul, Governor, Bank of Thailand (BOT) from The Report: Thailand 2014
How has the BOT eased restrictions on foreign banks? Do you anticipate greater domestic equity stakes being acquired by international firms?
Articles & Analysis | A positive outlook: With increasing competition, lenders are diversifying their profit drivers from The Report: Thailand 2014
After two years of rapid growth in lending to the private sector, Thai banks started 2013 faced with slowing growth and by building their counter-cyclical buffers. While the compound annual growth rate (CAGR) in loans and deposits averaged 3.25% and 5.84%, respectively, in the 15 years to 2012, according to Deloitte, loan growth jumped to 13.7%...
Despite the political and social challenges that marked late 2013, Thailand’s economy has remained stable and is poised for further growth in the coming years. However, concerted action by the public and private sectors will be needed for the country to avoid the middle-income trap of stagnating productivity and to maintain its stance as a top Asian economy.
Accounting for 30.1% of bank lending in the second quarter of 2013, consumer lending has been the key driver of loan growth. Household debt rose from 56% of GDP in 2007 to 77% in 2012. Dominated by Thai lenders, the banking sector remains well-capitalised and liquid. Strong fee-revenue growth is offsetting pressure on net interest margins. Due to increased competition for deposits, net interest...