We project 3.9% y-y loan growth in

We project 3.9% y-y loan growth in 2016
We currently project 3.9% loan growth overall in 2016 and 6% in 2017 vs 3.2% recorded in 2015. BBL, KBANK, SCB and TMB are
on track to meet their guidance and our estimates, while KTB is likely to fall short owing to large contraction at its government and
SoE loans. Typically during 4Q16, banks start seeing some seasonal pick-up from SME and retail (mortgage and credit card)
segments though overall outlook remains soft with key drivers being tourism and public-investment related segments, and
continued M&A. Small banks with auto lending focus would likely continue to register contraction as slowdown in discretionary
spending would further delay recovery in auto HP business. Loan growth (y-y) guidance in 2016: BBL: 3-5%; KBANK: 6-7%; KTB 0-
3%; SCB 4-6%; and TMB revised to 3-5%

ผลลัพธ์ (อังกฤษ) 2:

Project 3.9% YY growth in loan we the 2,016th
Project We currently 3.9% overall loan growth in the 2016th and 2 017 6% VS 3.2% in 2015. Recorded in BBL, KBANK, SCB and TMB are
on track to Meet their Guidance and our estimates, while. KTB is likely to Fall short owing to contraction at Large ITS Government and
Soe loans. Typically during 4Q16, Banks Start Seeing Some seasonal Pick-up from SME and RETAIL (Mortgage and Credit card)
segments though overall Outlook remains with Soft Key Drivers being Tourism and Public Investment-related segments, and
continued M & A. Small Banks with Auto Focus lending contraction would likely register as Slowdown to Continue in discretionary
spending would further Delay in Auto Recovery HP business. Loan growth (yy) guidance in 2016: BBL: 3-5%; KBANK: 6-7%; KTB 0
3%; SCB 4-6%; and TMB revised to 3-5%