PUBLISHED : 9 May 2024 at 09: 10 The threat of default on credit card loans increased considerably in the veryfirst quarter this year, driven by the main bank’s required for a greater minimum payment rate. In the veryfirst quarter of 2024, unique reference (SM) loans, specified as those pastdue by 30-90 days, rose for credit cards to 12 billion baht, up 32.4% year-on-year and 20.6% quarter-on-quarter. Roughly 190,000 cards defaulted, according to National Credit Bureau (NCB) information. This boost in defaults can partially be associated to the Bank of Thailand’s choice to raise the minimum payment requirement for credit cards from 5% to 8% at the start of the year, Surapol Opastien, chief executive of NCB, published on his p
Read More.
The news from the world
The news from the world