Thailand Banking & Financial Services Q1 2020
|発行||Fitch Solutions, Inc.||商品コード||588435|
|出版日||ページ情報||英文 44 Pages
We hold a positive medium-term view on the banking and financial services sector in Thailand thanks to the industry's increasing openness to overseas investors and operators accelerating its development across the four markets we track. Within this, we see deregulation and consolidation within individual markets as the key catalysts informing this view. In the near term, however, we expect 2020 to see a softening of growth across all four markets as the headwinds of slowing global and domestic economic growth, the uncertainty created by the ongoing China-US trade war and fragmented Thai politics all weigh on the sector's development. Despite this, we forecast banking assets and loan growth to remain in growth mode, and both the larger life and smaller non-life premiums seeing growth accelerating through to 2023, with the latter outpacing the former in terms of our average annual growth forecast.