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KBANK sees home loans picking up.
Byline: Darana Chudasri
Jun. 6--Despite rising inflation and oil prices, Kasikornbank expects to meet its home-mortgage lending target for the year, as consumers look to close deals in the second half before interest rates begin to pick up.
"Even though rising oil prices has cut purchasing power, fears of rising interest rates will encourage homebuyers to speed up their buying decisions," said Chatchai Payuhanaveechai, a senior vice-president at Kasikornbank.
"Overall, we expect to actually see home mortgage lending exceed our original targets for the year."
KBANK had originally projected 21 billion baht in new mortgage lending and ...
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Source: HighBeam Research, KBANK sees home loans picking up.