The Money Lending Business in Thailand

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UdonExpat
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The Money Lending Business in Thailand

Post by UdonExpat » July 15, 2019, 8:50 am

With the government cooling the auto loan business Thai banks are looking for ways to increase their revenue streams. Siam Commercial Bank is planning to increase its digital lending platform by 8 times in the coming year.

Online loans in the 20% per year range should move some business away from the loan sharks 5% per month rate.

https://www.bloomberg.com/news/articles ... oan-growth

https://www.reuters.com/article/us-thai ... SKCN1U52RB



DuiDui49
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Re: The Money Lending Business in Thailand

Post by DuiDui49 » July 15, 2019, 11:50 am

“Our car sales in April and May fell by 50%,” said Sumete Patchuttorn, managing director of Mazda Mahachai.

“Finance firms are more cautious about lending now,” he said, adding that about 60%-70% of his clients’ loan requests were rejected this year, up from 30% in the previous year. More than 80% of car buyers rely on loans.


Holy cow..read both articles..not to many positives regarding Thai economi.
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saint
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Re: The Money Lending Business in Thailand

Post by saint » July 15, 2019, 1:24 pm

Hate to say i told you so , but , i told you so . On another thread somewhere , a while ago .
Money is tight right now .

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newtovillagelife
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Re: The Money Lending Business in Thailand

Post by newtovillagelife » July 15, 2019, 1:32 pm

saint wrote:
July 15, 2019, 1:24 pm
Hate to say i told you so , but , i told you so . On another thread somewhere , a while ago .
Money is tight right now .
Well let’s hope the Baht depreciates in a hurry.

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747man
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Re: The Money Lending Business in Thailand

Post by 747man » July 15, 2019, 3:06 pm

newtovillagelife wrote:
July 15, 2019, 1:32 pm
saint wrote:
July 15, 2019, 1:24 pm
Hate to say i told you so , but , i told you so . On another thread somewhere , a while ago .
Money is tight right now .
Well let’s hope the Baht depreciates in a hurry.
We ALL ( Farangs ) Hope So Too !!! :shock: :shock:

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