Tisco Bank aims to book positive loan growth for 2022 -- for the first time since the outbreak of Covid-19 -- mainly supported by its used-car and corporate loan expansion.
The bank has set total loan growth for 2022 at 5%, which would be the first year to record positive growth since the the slowing down of loan expansion over recent years due to the impact of Covid-19, said Sakchai Peechapat, chief executive of Tisco Financial Group, the holding company of Tisco Bank.
Tisco loans expanded by 0.9% in 2019, then recorded contractions for two consecutive years at 7.4% in 2020 and 9.7% in 2021.
