Landmark Thai loan contraction predicted

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The story "Landmark Thai loan contraction predicted" was covered 14 hours ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post 14h ago

Landmark Thai loan contraction predicted - Bangkok Post

Quick Summary:

The Thai banking sector is expected to experience its first loan contraction in 15 years in 2024, driven by higher debt repayments by borrowers and tighter lending by creditors, according to Kasikorn Research Center (K-Research).

The positive growth in business loans in 2025 is likely to be driven by large companies, aligning with an improvement in private investment.

Meanwhile, banks have become more cautious in approving loans to small and medium-sized enterprises (SMEs) due to the higher credit risks associated with this sector and the weaker recovery of the Thai economy.