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Bank loans resist the rise in the key rate

by archyde

Kiosk360. Bank loans are on the rise for the month of October, while claims continue to widen. This article is a press review taken from the daily Les Inspirations Eco.

The latest monetary statistics from Bank Al-Maghrib confirm this: bank credit to the non-financial sector increased by 0.6% for the month of October 2022. As for bank credits, they increased by 6.7% in year-on-year.

Home loans rose by 0.3% in October and by 2.7% over the year, indicates the daily Eco Inspirations in its edition of Friday, December 2. Loans to property developers increased by 0.6%. Ditto for cash facilities. “Equipment credit achieved an evolution of around 0.6%. Consumer credit growth was 0.4%. We note that bank loans continue to evolve positively despite the increase in the key rate.

And for good reason, the banks would not have automatically passed on the increase in the key rate, due to the slowdown in activity and difficult economic conditions. On the other hand, the repercussions should be felt as early as December, or at the beginning of the year.

Still, outstanding debts rose by 4.9% for a total of just over 4.2 billion dirhams. Outstanding accounts receivable and cash loans stood at 268.2 billion dirhams, up nearly 17.7%. “A deal which is explained by the difficult and uncertain economic situation which marks this inflationary period which has prevailed since March”, notes Eco Inspirations.

Bank credit to the non-financial sector, for its part, increased by 6.3% with a virtual stagnation of credit to households at 3.5%. Indeed, the breakdown by economic purpose of loans to the non-financial sector shows that an acceleration in the increase in cash facilities from 17.5% to 18.8% was noted in October, following increases in loans granted as well both private and public companies.

Similarly, there was growth in real estate loans of 2.7%, with an attenuation of the decline in those for real estate development from 1.8% to 0.9% and a virtual stagnation in housing loans around by 2.9%.

Following the same trend, the progression of consumer loans was 3.8% with an attenuation of the decline in equipment loans (from -0.6% to nearly -0.3%), following to the acceleration of the progression of those granted to private companies. However, loans allocated to public companies continued to decelerate.

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Economy

WHAIR knocked price not more than 7.20 baht. Existing unit holders subscribe 2,6-9 Dec. General investors 14-16 Dec.

by archyde

Ms. Jarucha Simanon, Managing Director of WHA Industrial REIT Management Company Limited as the REIT Manager of WHA Industrial Leasehold Real Estate Investment Trust Real (WHAIR Trust) revealed that WHAIR Trust offered for sale of capital increase trust units within this December.

Existing unitholders can exercise their subscription rights. Between 2 and 6-9 December at the ratio of 1 existing trust unit per 0.1303 additional trust units issued and offered for sale

general investor Subscriptions can be made between December 14 and 16, with the highest offering price not exceeding 7.20 baht per unit.

For this capital increase, WHAIR will invest in additional leasehold rights of WHA Group in Ready Built Factory and Ready Built Warehouse for a period of 30 years and the right to renew the lease. Property for another 30 years, a total of 14 houses from 7 projects, no more than 1,345.89 million baht, with a total area of ​​48,186 square meters, which are assets from 3 companies under the group of WHA Group, the number one industrial estate developer in Thailand.

After the investment is completed which is expected to be at the end of 2022, will result in WHAIR having a total asset value of 13,000 million baht and an increase in rental area under management to 428,818 square meters.

For the additional assets invested in this time are:

1. WHA Eastern Seaboard Company Limited Industrial Estate Co., Ltd. is a ready-made factory building, 1 building and 3 ready-made warehouses within the WHA Industrial Estate project. Eastern Seaboard 1 (WHA ESIE 1) and WHA Logistics Park 2 (WHA LP 2)

2. WHA Industrial Building Co., Ltd. is a prefabricated factory building 3 units and 4 warehouses within the industrial estate project. Eastern Seaboard (Rayong) (ESIE), WHA Chonburi Industrial Estate 1 (WHA CIE 1), Hi-Tech Kabin Industrial Estate (KABIN), WHA Logistics Park 1 (WHA LP 1) and WHA Project Logistics Park 4 (WHA LP 4)

3. Eastern Seaboard Industrial Estate (Rayong) Co., Ltd. is a prefabricated factory building of 3 units within the Eastern Seaboard Industrial Estate (Rayong) (ESIE) project.

Mr. Sawit Srisaranyapong, Head of Investment Banking Business Group Kasikorn Bank As a financial advisor and underwriter of trust units, WHAIR said that the subscription of WHAIR’s capital increase units at this time is confident that it will be well received by investors.

WHAIR REIT has the distinction of investing assets located in the center of the industry. and an important production center of Thailand Most of the areas are located in the Eastern Economic Corridor (EEC), including quality tenants in potential industries with appropriate distribution.

After additional investment The REIT will have a larger asset size. And have more income, resulting in higher distribution estimates, with an estimated distribution of compensation at the level of 0.64 baht per unit, referring to the profit and loss statement and distribution distribution according to the scenario for the year from January 1, Wed 2023 until December 31, 2023, or an estimated return of 8.9%.

In addition, the additional assets that WHAIR has invested in this time Almost all of them are located in the Eastern Special Development Zone (EEC), which is Thailand’s industrial economic zone supported by the government and has foreign investments covering the New S Curve industry that will be the future industry of Thailand. Therefore able to attract both Thai and foreign investors as well Therefore, WHAIR Trust is considered as a good alternative for investment with good returns. and have the opportunity to grow steadily together with the EEC

For more information, please contact Kasikorn Bank’s K-Contact Center at 02 888 8888 ext. 819 or reserve through the K-My Invest website (www.kasikornbank.com/kmyinvest) and all branches of Kasikorn Bank The final offering price will be announced on the website of the Stock Exchange of Thailand once again.

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