Fitch Ratings keeps Thailand's banking outlook Stable but rates the industry outlook Deteriorating through mid-2026. Non-performing loans are near 4%, the highest among regional peers, and expected to stay at 3-4% for the next 2-3 years. Annual loan growth is forecast at only 1-2%, with economic growth below 3%. For an SME owner, expect banks to be cautious on new credit and possibly stricter on renewals, so plan cash flow and working capital without assuming easy refinancing.