BANGKOK: Growth in personal and credit card loans declined in February, attributed by analysts to the end of seasonal spending and the government’s shopping and domestic travel incentives.
The outstanding value of personal loans was recorded at 321 billion baht, marginally down from 322 billion in January but up from 312 billion in February last year, according to Bank of Thailand data.
Commercial bank loans made up 155 billion baht of loans, while 166 billion was attributed to non-bank financial institutions. Outstanding credit card loans were valued at 308 billion baht in February, down from January’s 319 billion but up from 290 billion in February last year. Credit card spending amounted to 141 billion baht, down from 144 billion in January but up from 124 billion in February last year.
