KASIKORNBANK Economic and Subsidiaries Performance Overview
20
-30
2006
51
2007
2009
2010
2011
50
0
2008
2009
2010
2011
2012
2013
2014
2015
2016
1,000 Units
250
200
196
146 161 178
151 159
182 174
197 206 197
195
175 163
166
150
100
2014
Demand Side: Transferred Properties in BMR*
2016
Supply Side: New Housing Completions and New Projects Launched in BMR*
1,000 Units
■New Housing Completions
New Projects Launched
170
131133
120
20
117
124
111
125
14
114
119
102 132
108
133
127
81
-
118
107
92
115
112
66
101
70
60.5
2020
2021
2022
5M2022
35 40.5 33.7
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Property Market: New project launching decreased in the first 5 months of 2023, compared to the high base in the last year
5M2023
2017
2018
2019
2020
Household Borrowing to GDP
Old Definition
New Definition
% of NGDP
100
882
80
60
K
KASIKORNTHAI
Household Borrowing
% of Loans
25
94.2 94.7
91.4 90.6
84.4 84.0 82.7 84.1
20
19.39
76.1
9.4 9.7
59.3
8.8 7.5 7.6 8.3 13.4 13.3
12.0 12.7 12.3 12.2
40
28.9
10.6
22.3
23.1 23.1 22.3 22.3
10.5 10.5
12.8 12.7
25.3 25.3 24.4 24.2
15
10
5
24.4
19.6
18.9
20
7.7
11.2 15.1
24.5
29.5 33.5 33.7 33.5 34.3 38.4 38.7 36.4 35.9
0
11.9 13.2 13.9
0
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
67.5 66.2
2021
2022
5M2022
5M2023
■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: Compared to the high base in the previous year,
the number of new housing projects launched in 5M23 fell by
16.8% YoY.
■Demand Side: Due to a decline in demand, property sales fell
by 1.9% during the 5M23 period. Later in 2023, cautious home
purchases might be made as a result of the unstable economy,
high household debt levels, and rising mortgage loan rates.
■Mortgage NPLs among Thai commercial banks was at 3.16%
in 1Q23, compared to 3.01 in 2022, 3.52%.
Outstanding Mortgage Loans to Individuals and Property Developers to GDP
% of GDP
30
26.7
25
20
16.8
15
10.4
10
4.1
5
0
1993 1996 1999 2002 2005 2008 2011 2014
-Loans to Property Developers
2017 2020 1H23
Housing Loans
% NPL for Consumption Loans of Thai Commercial Banks
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
159
Commercial Banks
Non-Bank Fls
1994 1996 1997 2010 2012 2014 2016 2018 2019 2020 2021 2022 1Q23
Saving Cooperatives
--Total
SFIs
Others
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
Debt Service Ratio of Thai households
Cross-Country Comparison
of Household Debt (as of 2022)
% of GDP
%
50
117.8
108.2
40
86.9
81.2
27.9 28.1 27.2 28.4 29.1
27.0
66.4 61.9
30
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
2.68
2001 2004 2007 2010 2013 2016 2019 2022 1Q23
Household debt to GDP stayed at 90.6% in 1Q23, 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
rose to 2.68% in 1Q23 from 2.62% in 4Q22.
Source: BOT, Bank for International Settlements (BIS), National Statistical Office (NSO), CEIC
and KResearch
บริการทุกระดับประทับใจ
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