KASIKORNBANK Economic and Subsidiaries Performance Overview
K
KASIKORNTHAI
BOT Macro Prudential Policy
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
■New frameworks on retail lending announced by BOT to closely monitor systematic risk and implement preventive actions
LTV Criteria for Mortgage Loans
(Effective: January 1, 2023)
New (Including Top-up loans)
Criteria for Credit Card / Personal Loans
(Effective: September 1, 2017)
Credit Cards
Lending Criteria
Price and
Type of Properties
1st Contract
NEW
2nd
Contract
3rd Contract
Onwards
New
Min.Monthly Income
Bt15,000
Old
Bt15,000
Personal Loans
New
Old
LTV Limit
LTV Limit
LTV Limit
House
≤ 100%*
80-90%
70%
< Bt10mn
Condo.
≤ 100%*
80-90%
70%
Credit Line
(times of average
monthly income)
Income Credit Line Credit Line
<Bt30,000 ≤1.5 times
Income
< Bt30,000
≥ Bt10mn
House &
Condo.
< Bt50,000 ≤ 3 times
> Bt50,000 ≤ 5 times
≤ 5 times
>Bt30,000
Credit Line
≤ 1.5 times
≤ 3 institutions
≤ 5 times
Credit Line
≤ 5 times
≤ 90%
80%
70%
1) Under the new framework, LTV limit will be capped at 100% for the first contract of
housing loans, and * loans for furniture and decorations can be added up to 10% of
collaterals (old - no these conditions)
2) Prior to October 20, 2021, for the second contact, LTV limit is 80% if the first contract's
installment payments are less than two years (old - three years); otherwise, LTV limit
is 90%
3) Risk weight is 35% if LTV does not exceed its LTV limit; while the risk weight will
increase to 75% for the loans for furniture and decorations of the first contract
Notes:
August 15, 2019: BOT relaxed the LTV rules for co-signers that have no ownership
interest in the home being purchased
April 2019: BOT tightened LTV criteria for mortgage loans, and raised down payment
for the second contract onwards.
Year 2009: BOT announced revised criteria in 2009-2010 on mortgage loan risk
weights with a different effective date
Year 2008: Risk weights for mortgage loans dropped from 50% to 35% under Basel II
Criteria for Car Loans
■ Auto Registration Loans (Effective: February 1, 2019): Auto registration loan
providers to be approved by Bank of Thailand and Ministry of Finance
Regulated by Fiscal Policy Office
Picofinance*
Regulated by the BOT
Pico Plus*
Capital Fund
Credit Line
Interest Rate
Ceiling
> Bt5mn
Bt50,000
≤ 36%
> Bt10 mn
> Bt50 mn
< Bt100,00
36% for first Bt50,000
Depends on debt-servicing ability
≤24%
<28% for the amount in
excess of Bt50,000
≤24%
Note: * Picofinance and Pico Plus are allowed to provide loans only in the registered province
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163
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Thailand's external balances remain relatively strong compared to peers
International reserves / Imports (Import Coverage)
Low foreign holding ratio in Thai government bonds
Months of Imports
%
12
9.9
9.1
25
6
8.0
7.9
7.2
7.5
6.8
15
0
India
Indonesia Philippines
22.7
18.6
20
15.5
15
3 months
10
5
Korea Malaysia Thailand Singapore
0
Indonesia
Source: CEIC, KResearch (data as of June 2023)
International reserves / External debts (% Ratio)
% 120
100
81.6
80
60
40
32.7
20
0
India
73.1
60.4
39.9
111.0
100%
iaml.
16.7
Indonesia Philippines Korea Malaysia Thailand Singapore
Source: CEIC, KResearch (data as of December 2022)
South Korea
Malaysia
12.3
1.9
Philippines
Thailand
0.4
Vietnam
Note: Retrieved from Asia Bond Online, based on latest available data
Source: Asian Development Bank
■Thailand's economy and financial markets are able to
withstand impacts from fluctuations in global liquidity due to:
■High import coverage (international reserves/monthly
imports) compared with the IMF's three month import
coverage guideline
■More than 100% of external debt covered by
international reserves
■Low portion of foreign holdings in Thai government
bonds compared with other countries
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