webfact Posted January 8, 2016 Share Posted January 8, 2016 KBank says Thai economy will grow slowly this yearBANGKOK, 8 January 2016 (NNT)-Kasikorn Bank has forecast the Thai economy will recover slowly due to household debts and the sluggish global economy.Executive Vice President of Kasikorn Bank Noppawan Jermhansa said the Thai economy would grow 3% this year in a gradual manner. The level of household debts is also expected to rise.Mrs. Noppawan believed the consumers’ purchasing power would adjust up, given the spending of 303 billion baht via Kasikorn credit cards last year, a factor that also supports the bank’s economic growth forecast.Kasikorn Bank will adopt a proactive approach to attract more clients this year. It has targeted new start-up businesses, a new group of investors and those living in business districts nationwide.According the Executive Vice President, the bank is determined to increase its client base by 7% to a total of 14 million people. It is also striving to be Thailand’s top digital banking service provider again in 2016. Kasikorn currently has a market share of 39% with 9 million clients across the country. -- NNT 2016-01-08 Link to comment Share on other sites More sharing options...
kotsak Posted January 8, 2016 Share Posted January 8, 2016 Link to comment Share on other sites More sharing options...
Hawk Posted January 8, 2016 Share Posted January 8, 2016 Who cares anymore? Link to comment Share on other sites More sharing options...
Ace of Pop Posted January 8, 2016 Share Posted January 8, 2016 So will the rice Einstein. Link to comment Share on other sites More sharing options...
Redline Posted January 8, 2016 Share Posted January 8, 2016 Debt up~growth down. Tell me when something changes Link to comment Share on other sites More sharing options...
Srikcir Posted January 8, 2016 Share Posted January 8, 2016 Deputy Prime Minister Somkid recently predicted that the Thai economy will expand by 2.8% - 3%. Somkid is probably the most conservative in his economic predictions compared to anyone else in Prayut's cabinet. So KBank may not be overly optimistic. But KBank bases its projection in part on commodity prices in the world market not declining. And that's not going to hold true. Link to comment Share on other sites More sharing options...
Gonsalviz Posted January 9, 2016 Share Posted January 9, 2016 I predict the world economy will grow slowly this year. Link to comment Share on other sites More sharing options...
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