BANGKOK: Krung Thai Bank pcl, Thailand’s second-largest lender by assets, said it has cut its 2015 loan growth target to 3%-4% from an earlier forecast of 6%-7% due to expectations of weaker-than-projected economic growth.
The Thai economy is expected to grow at less than the 4% projected by the government due to slow growth in exports and weak domestic consumption, Kittaya Todhanakasem, first senior executive vice-president of the bank, told Reuters.
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