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Banking

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bank of thailand

Bank of Thailand Lowers Growth Projection for 2023 to 3.6%

The Bank of Thailand has reduced its growth projection for 2023 due to lower-than-expected GDP and inflation rates.
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CP group and LDA Capital Launch $2b fund focused on Southeast Asia’s Middle Market

The partnership aims to provide flexible funding to middle market businesses in the region that have traditionally been undercapitalized by local investors and banks.
bangkokbank

Resilience and Challenges: An Overview of the Thai Banking System in Q2 2023 (BoT)

The Thai banking system demonstrated resilience in the second quarter of 2023, with strong capital levels, loan loss provisions, and liquidity despite a slight contraction in loans and some deterioration in loan quality.
bank of thailand

Bank of Thailand rules out rate cut in the near future

The country’s economic growth forecast for this year may need to be revised down due to weak exports, despite the recovery supported by tourism and consumption.
bank of thailand

Bank of Thailand raises key interest rate to highest level in nine years

The Bank of Thailand raised its key interest rate to 2.25%, citing concerns about upside risks to prices and the need to ensure inflation stays low in the long term.
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Taming Thai Household debt

The central bank has also set a goal of reducing Thai household debt to less than 80% of GDP to reduce financial and economic risks. As of the fourth quarter of last year, household debt stood at 15.1 trillion baht, accounting for 86.9% of GDP.
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Fitch Affirms Thailand at ‘BBB+’ with Stable Outlook

The rating takes into account Thailand’s strong external finances and sound macroeconomic policy framework, but also considers weaker structural features and political uncertainty.
1000baht stash

Thailand’s household debt surged to 90.6% of GDP

The Bank of Thailand has set a goal to align the household debt-to-GDP ratio with the Bank for International Settlements standard by limiting it to a maximum of 80%.