Showing 1 - 10 of 17
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.
Asian shares rally on upbeat data from China
Business, Nuntawun Polkuamdee & Nareerat Wiriyapong, Published on 16/09/2023
» RECAP: Asian stocks rose strongly on Friday, extending a global equity rally, after better-than-expected Chinese economic data added to the optimism that tightening campaigns by major central banks were almost over.
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.
BoT to mull ceiling rate reduction
Business, Somruedi Banchongduang, Published on 22/06/2021
» Ceiling interest rates of consumer loan products, which are currently over 20% per year, are expected to be reduced by at least 1-2%, following calls by the government for the Bank of Thailand (BoT) to review interest rates for credit cards and personal loans to tackle household debt.
KTC raises loan-loss buffer as 2020 looms
Business, Somruedi Banchongduang, Published on 03/12/2019
» Krungthai Card (KTC), an unsecured loan provider under Krungthai Bank, is poised to set aside higher loan-loss provisions next year as the economy will likely remain sluggish, a new financial reporting standard is implemented and business expands.