Objectives
The Bank of Thailand conducts a quarterly credit condition survey to review opinions of senior loan officers from financial institutions, credit card and personal loan companies under supervision (Non-banks). It helps the Bank to be more efficiently and effectively in understanding and analysing developments of credit conditions. The Bank has been exploring how the surveys are conducted in the light of other central banks' experience. The questions in this survey are divided into 3 aspects as following:
1) Supply for credit which is related to the tightness of credit standard for granted loans, factors affecting credit standard as well as credit conditions and terms.
2) Demand for credit which shows conditions and factors that affect the demand for credit.
3) Outlook for credit approval in the next quarter to outline the tightness of credit standard, demand for credit as well as concerns regarding the quality of credit. Besides, special questions may also be raised occasionally.
This survey was first launched in January 2008, with the aggregate results of 2007 Q4 being published in 2008 Q1. The Bank of Thailand has cooperated with 25 Thai commercial banks, branches of foreign commercial banks and specialised financial institutions (SFIs). Then, from 2011 Q2 onwards, 24 credit card and personal loan companies under supervision (Non-banks) were included into the survey sample to improve survey coverage.