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.
Thailand’s Public debt to GDP ratio within framework says Finance Minister
Currently, Thailand’s ratio of public debt to gross domestic product (GDP) stands at 49.34 percent, which is below the Fiscal Sustainability Framework set at 60 percent.
Raising inequality posing credit risks for sovereign in APAC countries
Governments with weaker social protection systems and tighter fiscal positions will face tougher challenges in tackling income inequality
Bank of Thailand steps in to curb recent baht strength
Bank of Thailand accelerates measures to advance the development of the new Thai FX Ecosystem and to limit excessive currency volatilities
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