The London-based bank's Thai subsidiary would slow its personal loan expansion next year and be more cautious about asset quality, executive vice president Yuttachai Teyarachakul told reporters.
"We want sustainable growthe and stable earnings. Housing loans will help balance our portfolio and won't make it too volatile," Yuttachai said.
"For next year, what we are concerned about is political stability after a general election, whether it would help revive confidence," he said, referring to a poll on Sunday expected to produce a weak coalition government.
The Thai bank expected to increase the proportion of housing loans to 50 percent by the end of 2009 from about 20 percent now, Yuttachai said.
He refused to give a figure for outstanding consumer loans, but said they accounted for 40 percent of the bank's revenues.
The bank would cut the proportion of personal loans to 30 percent from 60 percent now and maintain its credit card business at 20 percent, Yuttachai added.
source:http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSBKK19786020071220
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