Krungsri Consumer predicts uptick in credit card loans

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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.

The approval rates for credit cards and personal loans tally around 40% and 30%, respectively, representing a decrease of 1-2 percentage points from 2023.

"We observed a rising trend in credit card NPLs starting from the second half of this year, and this is expected to continue until the end of the year," said Mr Atis.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Consumer Baht Credit Company Krungsri Loans Cards Card Billion Loan Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 05:55:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22301773

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