Connect with us

Banking

Demand for business to continue growing in with Thai Recovery

The demand for business loans is expected to continue growing, linked with the economic recovery after the political unrest has eased, according to the Bank of Thailand (BoT).

Avatar

Published

on

The demand for business loans is expected to continue growing, linked with the economic recovery after the political unrest has eased, according to the Bank of Thailand (BoT).

Loading...

Still, the central bank said in a report on the loan extended by Thai financial institutions in the second and third quarters that the housing loan demand might drop from the previous quarter since most consumers had already accelerated house ownership transfers in the first half of this year.

Demands for credit card loans and household loans are projected to edge up from the previous quarter upon the improved confidence among consumers.

Financial institutions had begun easing the stringent extension of housing, credit card, and household loans.

It was found that the demand for business loans by large entrepreneurs and small- and medium-size enterprises (SMEs) rose marginally from the previous quarter.

The increased loan demand had concentrated in the production and retail-wholesale sectors. It showed a clear sign of the recovery of local demand, private consumption, and consumer confidence.

via Demand for business loans likely to further increase, says BoT.

Asean

12 Things to Know about the ASEAN Catalytic Green Finance Facility (ACGF)

The ACGF is an ASEAN Infrastructure Fund initiative managed by ADB’s Southeast Asia Department Innovation Hub. It helps Southeast Asian governments prepare and finance infrastructure projects promoting environmental sustainability and contributing to climate change goals.

Asian Development Bank

Published

on

Southeast Asia faces an infrastructure investment shortfall of more than $100 billion a year, which may have worsened amid the COVID-19 pandemic.

Loading...
(more…)

Continue Reading

Banking

Thai cabinet approves 350 billion baht Aid for COVID-hit Businesses

Thailand unveiled new measures to help small and medium COVID-hit businesses in the tourism industry hit by a liquidity crunch.

Olivier Languepin

Published

on

The Thai cabinet has approved assistance worth 350 billion baht($11 Billion) to help businesses affected by COVID-19 with soft loans and asset warehousing.

Loading...
(more…)

Continue Reading

Banking

APAC Banks to Face Portfolio Valuation Losses As Yields Rise

The latest data suggest that Fitch-rated banks in Hong Kong, India, Indonesia, Malaysia and Taiwan have the largest AFS securities portfolios, and display particular sensitivity to changes in yields.

Avatar

Published

on

Fitch Ratings-Hong Kong/Singapore-21 March 2021: A rise in yields for long-dated sovereign bonds will result in near-term losses for Asia-Pacific (APAC) banks as they recognise valuation changes on their available-for-sale (AFS) bond portfolios, but the capital impact should be manageable for most rated banks, says Fitch Ratings.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,973 other subscribers

Latest

Trending