Krung Thai Bank cuts 2015 loan growth target to 3-4 pct

April 22, 2015 8:26 AM

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BANGKOK, April 22 (Reuters) - Krung Thai Bank PCL, Thailand's second-largest lender by assets, said on Wednesday it has cut its 2015 loan growth target to 3-4 percent from an earlier forecast of 6-7 percent due to expectations of weaker-than-projected economic growth.

The Thai economy is expected to grow at less than the 4 percent 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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