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KKP stresses long-term loans to struggling small property developers

Kiatnakin Bank (KKP), the major player in the real-estate lending segment, plans to offer longer-term loans to small and medium-sized real-estate developers in a bid to help them with their cash flows amid a difficult business climate.  Vissarut Panyapinyopon, vice president for real-estate lending, said last week that the political unrest is among the factors contributing to downside risk, and the bank does not expect new-loan growth to accelerate this year.

Housing buyers are expected to delay their decision to buy residences due to reduced confidence in the political situation. Small and medium-sized real-estate developers have to hold their cash flow in reserve until demand revives, the banker said.  “The bank can help small and medium-sized property developers by offering longer-term loans than normal, which will not require customers to repay the bank quickly once construction is complete,” he said.

The banker said that new condominium projects along the mass-transit lines showed a significant decline.  The bank continues to focus on townhouses and detached houses rather than on condominium developers to ensure non-performing loans remain low.  Vissarut added that opportunities in real-estate lending remain, especially in those provinces which stand to benefit from the Asean Economic Community.

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Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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