FINANCE
JMT to buy B3bn of car scheme debts
- Published: 27 Feb 2013 at 00.00
- Newspaper section: Business
JMT Network Services, a debt collection and management company, has revised its revenue growth target to 25-30% from 15% on rising bad loans under the first-time car buyer scheme.
"The distressed debt portfolio will definitely increase, mainly from the first-car scheme," said chief executive Piya Pong-acha.
The company plans to purchase 10 billion baht worth of distressed debt this year, with bad assets from first-car buyers making up 3 billion baht.
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