Thai banks to improve loan growth to 5.9% in 2018

This is premised on the country's continued economic recovery.

All big Thai banks, except Krung Thai Bank, reported decent loan growth in 2017 which is expected to moderately improve to 5.9% in 2018, UOB Kay Hian reports. The banks' loan growth results are in line with the firm's expectations.

According to UOB Kay Hian, Krung Thai Bank continued to report its weakest loan growth last year at 1.8% as it was tightening its loan underwriting policy.

UOB Kay Hian expects loan growth to improve moderately in 2018, supposing economic recovery continues.