Showing 1 - 10 of 134
Krungsri Consumer predicts uptick in credit card loans
Business, Somruedi Banchongduang, Published on 30/08/2024
» Krungsri Consumer, the unsecured loan unit of Bank of Ayudhya (Krungsri), anticipates a rise in credit card loans during the second half of this year, despite a sluggish economy and an increase in the minimum payment requirement for credit cards.
Mortgage bad-debt rate climbs
Somruedi Banchongduang, Published on 27/08/2024
» Lower-income homebuyers have struggled to repay mortgages following an uptick in interest rates, leading to a significant increase in housing non-performing loans (NPLs) during the second quarter of this year.
YouTrip eager to grow regional offerings
Business, Somruedi Banchongduang, Published on 10/08/2024
» YouTrip, the Singapore-based fintech firm, is evolving beyond being a travel card service after establishing itself as Southeast Asia's leading multi-currency digital payments platform, demonstrating the fastest growth in the region's business sector.
Bank of Thailand allows banks to give credit to debt scheme users
Somruedi Banchongduang, Published on 05/08/2024
» The Bank of Thailand (BoT) is allowing banks to continue providing credit lines to retail borrowers participating in debt restructuring programmes to help support their liquidity amid a slower income recovery.
Central bank reassessing consumer lending rules
Business, Somruedi Banchongduang, Published on 01/08/2024
» The Bank of Thailand is reviewing its regulations on loan-to-value (LTV) ratios for mortgage loans and minimum payments for credit cards amid the weakened debt servicing ability of individual borrowers.
Central bank unfazed by factory closures
Business, Somruedi Banchongduang, Published on 18/06/2024
» The Bank of Thailand says new business registrations still outnumber factory and business closures, with no adverse impact yet on the country's employment figures.
UOB waives cardholders' fees, interest
Business, Somruedi Banchongduang, Published on 15/06/2024
» UOB Thailand has waived interest and fees for credit cardholders affected by the bank's payment apportionment system.
UOB responds to central bank directive
Business, Somruedi Banchongduang, Published on 14/06/2024
» UOB Thailand plans to cancel its payment apportionment system for credit cards by the end of this month to comply with the Bank of Thailand's directive.
Asset managers post mixed results
Business, Somruedi Banchongduang, Published on 23/05/2024
» Two bad asset management companies reported lower net profits in the first quarter this year, attributed to higher expected credit losses (ECL) amid a fragile economic recovery.
Banking sector NPLs edge up in Q1
Business, Somruedi Banchongduang, Published on 22/05/2024
» The Bank of Thailand reported higher non-performing loans (NPLs) for the banking industry in the first quarter this year, attributed to all types of loan products amid an uneven economic recovery.