Thailand’s loan growth slows to 0.3% in Q2 as SME loans contract

The central bank said there is a need to continue to monitor SMEs’ debt serviceability.

The loan growth of Thailand’s banking system slowed to a 0.3% growth year-on-year (YoY) in Q2 2024, according to data from the Bank of Thailand (BOT).

Loans extended to small and medium enterprises (SMEs) continued to contract, whilst consumer loans expanded at a slower pace due to rising…