Commercial banks in Thailand have been growing steadily because of the expansion of up-country provinces’ economy and urbanization trend. The opportunity for investing to support business in the upcoming ASEAN Economy Community (AEC) market and high provisions and capital fund, help cushion economic volatility that is currently happening in Thailand.
Though growth mostly stemmed from SMEs loan expansion that edged up to 5.2% largely from lending to medium-sized enterprises, going forward, credit card lending will also contribute to register strong growth as a result of aggressive card promotional campaigns. Consumer loan growth stabilized at 7.8%, driven by expansion in personal loan and housing loan.
With the shift in diversifying their products and more efforts are being put into penetrating the inroads in retail banking segment, the competition looks like to be an intense one. Innovation and the entrance of non-bank players in the retail banking space means banks have to start to adapt to a new kind of environment. An environment where expanding delivery channels and rapid fast-paced penetration of social and e-banking is the new normal.
The Asian Banker will be bringing discussions on transformational issues that are shaping Thailand’s retail banking industry direct to Bangkok, with interactive sessions rich in content, represented by international and local experts in their respective fields.
Key working sessions and dialogues
Muhammad Usama
Senior Manager
Corporate Planning & Product Development
Email: musama@theasianbanker.com
Tel: (86) 10 5869 1463
Cell:+ 86 176 00 866867
