Senior officials at Bank Thai are confident that the bank
will reach its lending target of 20 billion baht this year, although local
consumption is expected to slow because of increased oil prices.
Non-performing loans (NPLs) are expected to remain
unchanged from last year at about 6%, the Bank Thai’s president, Pirasilpa
The bank president said he was optimistic that lending
would increase in line with the country’s economic development at between
The bank’s lending should grow to about 20 billion baht
this year, up from around 17 billion baht in 2004, Pirasilpa said.
Public consumption may slow because of rising oil prices,
but public spending on several mega-projects and an increase in private
spending are likely to help boost lending in the banking system.
Local interest rates are unlikely to increase in the
first half of this year because of high liquidity in the banking system of
around 400 billion baht.
But the interest rates may rise marginally during the
second half of the year, said Pirasilpa.
In 2004, Bank Thai’s net profit was 546 million baht,
compared to a net loss in 2003 of 3.936 billion baht. (TNA)