BOT restricts approval of hire-purchase loans

Breaking News April 08, 2019 01:00

By The Nation

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Commercial banks have been more prudent in their approval of hire-purchases loans after a warning from the Bank of Thailand (BOT), CIMB Thai's senior executive vice president Adisorn Sermchaiwong said recently.



He added that the bank had been told to be careful in approving such loans by the central bank. 

Kasikorn Leasing Co Ltd's managing director Saranya Lelarasami said that the BOT directive would have an impact on the auto market and expects a five per cent decline in market growth from last year.

 

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