Thai economy to grow by 4% to 5%: top banker

12:11, June 15, 2010      

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Thai economy is expected to expand by 4 to 5 percent in 2010, despite affects by the financial crisis in Europe, the Bangkok Post's website quoted a top banker as reporting on Monday.

Prasarn Trairatvorakul, chairman of the Thai Banks Association (TBA), said on Monday that the country's exports would continue expanding and it would be a key engine to boost the Thai economy.

Prasarn, who is also the president of Kasikornbank Plc (KBANK), predicted that the lending by Thai commercial banks is expected to grow by 6-8 percent in 2010.

He said that even though the growth in loans approved had slowed in recent months due to the political unrest, commercial bank lending continued to substantially increase with the back of economic recovery.

Source: Xinhua

(Editor:祁澍文)

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