KBank's Strategic Acquisition in Muang Thai Group Holding
30
10
-10
51
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Property Market: New project launching decreased in the first 2 months of 2023, compared to the high base in the last year
2006
2007
Supply Side: New Housing Completions and New Projects Launched in BMR*
Outstanding Mortgage Loans to Individuals and Property Developers to GDP
% of GDP
1,000 Units
30
■New Housing Completions
■New Projects Launched
170
150
131133
130
117
110
102 132
90
66
101
70
50
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
25
26.9
20
16.8
15
124
111
125
14
114
10.4
119
108
133
10
127
107
115
118
112
92
5
4.1
0
8160.5
1993
13.0
1998
2003
-Loans to Property Developers
2008
2013
2018
2022
Housing Loans
Demand Side: Transferred Properties in BMR*
1,000 Units
250
200
178
146
161
151 159
182 174
196
197 206 197
195
175 163
166
150
100
50
0
2008
2022
2M2022
13 16.0
2M2023
21.421.6
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2M2022
2M2023
■Mortgage loans to GDP are higher than pre-crisis level, due to
factors such as changes in consumer behavior, intense
competition among banks, and a more accessible credit
market
■ Outstanding loans granted to property developers to GDP was
4.1% in 2022, still lower than pre-crisis level
■Supply Side: New housing projects launched in 2M23
decreased 18.8% YoY compared to the high base in the last
year
■Demand Side: In 2M23, property transactions increased by
0.9%. However, rising living costs and high debts amid
economic uncertainties may lead to more cautious buying
homes later in 2023.
■Mortgage NPLs among Thai commercial banks was at 3.01%
in 2022, compared to 3.52% in 2021 and 3.78% in 2020
Sources: National Economic and Social Development Council (NESDC), BOT, Real Estate Information Center (REIC), Agency for Real Estate Affairs (AREA), and KResearch
Note: Including Condominium, Single House, and Townhouse; BMR = Bangkok and Metropolitan Area
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Household Borrowing
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
% NPL for Consumption Loans of Thai Commercial Banks
% of Loans
25
Household Borrowing to GDP
Old Definition
New Definition
% of NGDP
100
89.6
90.2 86.9
79.7 79.4 78.4 79.9
80
71.8
9.4
9.7
10.4
59.3
8.8 7.5 7.6
8.3
13.4
13.3
7.1
60
12.0 12.7 12.3 12.2
12.8
10.6
25.3
25.3
23.1 23.1
22.3 22.3
24.4
40
28.9
22.3
24.4
19.6
18.9
20
77
11.2 15.1
24.5
29.5
33.5 33.7
33.5
34.3
38.4
38.7 36.4
O G5 G 20
15
10
11.9 13.2 13.9
0
1994 1996 1997 2010
Commercial Banks
2012 2014 2016 2018
Non-Bank Fls
SFIS
Others
2019 2020 2021 2022
Saving Cooperatives
--Total
19.39
Old Definition: Data from 1991 - 1997: lending from commercial banks and SFIs to individual persons for consumption only
New Definition: Data from 2010 onwards: takes into account individual persons' outstanding loans from all types of financial
institutions, including savings Co-ops and non-banks
Cross-Country Comparison
of Household Debt (as of 2021)
Debt Service Ratio of Thai households
% of GDP
%
50
117.8
108.2
40
86.9
81.2
66.4 61.9
30
27.9 28.1 27.2 28.4 29.1 27.0
23.0
56.1
20
Australia
South Korea
Thailand
Malaysia
US
China
Source: CEIC and KResearch
Singapore
10
0
IIII
2009 2011 2013 2015 2017 2019 2021
Source: NSO and KResearch
2001 2004 2007 2010 2013 2016 2019
2022
2.62
■Household debt to GDP stayed at 86.9% in 2022, and is
expected to remain high in 2023
■Household borrowing to GDP is higher than pre-crisis
level, due to factors such as changes in consumer
behavior, intense competition among banks, and a more
accessible credit market
■Thailand's household debt to GDP is comparable to
other countries*; debt service ratio of Thai households
is still well below 40%, indicating the household debt
situation is unlikely to trigger any problems in the
foreseeable future
■NPL ratio for consumption loans of commercial banks fell
to 2.62% in 2022 from 2.73% in 2021
Source: BOT, Bank for International Settlements (BIS), National Statistical Office (NSO), CEIC
and KResearch
บริการทุกระดับประทับใจ
158
157View entire presentation