Kasikornbank (KBank) enjoyed better-than-expected corporate loan growth in the first half of the year thanks to the strong domestic economy and gains in commodity prices.
Executive vice-president Vasin Vanichvoranun said KBank had already met its corporate loan growth goal for the whole year of 20 billion baht or 6%, raising its corporate loan portfolio to 340 billion.This year it has issued 45.2 billion baht in loans to 33 projects with an investment value of 110 billion, though only raising a total of 72.6 billion.
KBank expects revenue of 15 billion baht for this sector for the entire year, including fee income of 7.14 billion.
The highest loan growth was in the utilities sector, which grew by 20%.
This was followed by petrochemicals at 8.6%, construction 5.7% and automotive and electronic 5.2%.
"Even the agricultural sector, which would usually post a contraction, was able to maintain its lending amount this year, because of the rises in global commodities prices," said Mr Vasin.
Low interest rates and business expansion through mergers and acquisitions and joint ventures are supporting factors.
He said that in the first half, the bank was aggressive in providing comprehensive loan schemes for specific areas that it determined enjoyed great potential.
These were energy-saving investments, public-sector projects and funding for acquisitions.
Another focus was financial solutions for the whole value chain, such as funding for projects that build regional partnerships, as well as hedging instruments for customers.
He added that the bank was working on 31 potential projects requiring 197 billion baht in funding, of which it would likely provide 70 billion.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น