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TBank: Rivalry to heat up

Thanachart Bank is braced for fiercer competition in deposits, especially in the second half.

Competition for bank deposits is expected to intensify in the second half of the year, prompted by stronger loan demand from state investment in infrastructure projects and the broader economic recovery, says a senior official at Thanachart Bank (TBank).

Banking loans will grow this year, underpinned by the government's hefty investment in infrastructure megaprojects, with most lending to occur in the latter half of the year, said TBank executive vice-president Teranuj Koomsap.

The country's sixth-largest bank aims for 10% growth in deposits to 677 billion baht by year-end, Mrs Teranuj said.

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