Showing 1 - 10 of 12
New state credit scoring set to cut rates
Business, Wichit Chantanusornsiri, Published on 22/09/2025
» The Finance Ministry plans to launch Ari Score, a new credit scoring system for the public expected to help individuals gain greater access to loans at lower interest rates.
Geographical reach of pico-finance businesses to be expanded
Business, Wichit Chantanusornsiri, Published on 23/07/2025
» The Finance Ministry is in the process of revising its ministerial announcement to expand the geographical scope of the pico-finance business to better serve small-scale borrowers and draw informal lenders into the formal financial system.
Ministry rebuffs reports of returned pico-finance licences
Business, Wichit Chantanusornsiri, Published on 16/06/2025
» The Finance Ministry has dismissed reports suggesting a growing number of business operators are returning their pico-finance licences due to an increase in non-performing loans (NPLs).
Pico-finance gives 4m people access to credit worth B40bn
Business, Wichit Chantanusornsiri, Published on 05/04/2024
» Pico-finance, employed by the Finance Ministry to broaden formal financing channels for low-income earners and informal workers, has effectively facilitated access to credit tallying nearly 40 billion baht for more than 4 million individuals.
Digging out of debt
Business, Wichit Chantanusornsiri, Published on 28/12/2023
» Prime Minister Srettha Thavisin has declared dealing with informal debt and the problems it creates a national priority, likening the situation to a form of modern-day slavery.
Ministry sees key role for smaller lenders
Business, Wichit Chantanusornsiri, Published on 26/12/2023
» Nano-finance and pico-finance loans worth 70 billion baht in total are among the measures being deployed to counter informal debt problems, says Fiscal Policy Office director-general Pornchai Thiraveja.
GSB non-bank unit to kick off in 2023
Business, Wichit Chantanusornsiri, Published on 07/11/2022
» The Government Savings Bank's (GSB) non-bank subsidiary is expected to start operation in the second half of next year, says GSB president Vitai Ratanakorn.
Local tourism stimulus goes under review for third phase
Business, Wichit Chantanusornsiri, Published on 31/10/2019
» The Finance Ministry will take one month to evaluate whether a third phase of the Chim, Shop, Chai (taste, shop, spend) scheme is still needed.
Picofinance draws interest
Business, Wichit Chantanusornsiri, Published on 02/08/2019
» More than 1,000 applicants have applied for picofinance licences from the Finance Ministry since the process was opened in 2016, with around 600 securing licences.
Pico-financiers to double loan ceiling
Business, Wichit Chantanusornsiri, Published on 23/04/2019
» The Finance Ministry has approved pico-finance operators doubling the lending ceiling to 100,000 baht per borrower, but they are required to have at least 10 million baht in registered capital.