Bangkok Bank anticipates flat corporate loan growth in 1Q14

Has investor confidence waned?

According to Maybank Kim Eng, Bangkok Bank expects flat corporate loan growth in 1Q14.

Chansak Fuangfu, Bangkok Bank's senior executive vice president, said the political deadlock has undermined investor confidence and dented demand in long-term project financing.

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Moreover, the delayed appointment of a new Board of Investment is a major stumbling block for Thailand in luring new foreign direct investment. Large-scale public investments of at least THB100m have been postponed until a new government is set up, while the THB2trn infrastructure and THB350b water management projects have been stalled for a while.