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Bangkok Post

Business

KBank on track for SME loan growth

A woman inspects fabric on sale at Bangkok's Sampheng Market near Chinatown. SME loans across the banking industry contracted by 4% in the first quarter this year, marking the 15th consecutive quarter of decline. Apichart Jinakul

Kasikornbank (KBank) expects its small and medium-sized enterprise (SME) loans to post positive growth this year, after recording growth in the first quarter despite an overall contraction in lending.

The bank's SME loan portfolio showed positive growth in the first quarter despite a decline in total lending. The positive momentum is expected to continue for the rest of the year, according to KBank president Pipatpong Poshyanonda.

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