KBank sees weak demand for investment finance
Kasikornbank (KBank), Thailand's fourth-largest lender by assets, recorded flat growth for financing manufacturing projects this year, reflecting weak demand for new investment amid the local and global economic slowdown.
The anaemic demand was attributed to China's policy of cooling down its gross domestic product (GDP) growth to a single-digit rate this year coupled with Thailand's economic doldrums.
Thailand's capacity utilisation has been steady at 65% from the end of last year, below the usual rate of 70% in a normal economic situation.