FINANCE
KTC stiffens card rules
- Published: 29 Jan 2013 at 00.00
- Newspaper section: Business
Krung Thai Card Plc (KTC), the country's largest credit card operator, has tightened its lending rules to prevent damage from non-performing loans (NPLs).
Chief executive and president Rathian Srimongkol said the move was in response to the Bank of Thailand's warning about growing household debts.
He said KTC has improved its management of bad debts by cutting its billing cycles down to 30 days from 45 days.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
