KBank's credit cash advances skyrocket in 2014 | Bangkok Post: business

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KBank's credit cash advances skyrocket in 2014

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Cash advances through Kasikornbank's credit cards for the first three weeks of this year rose while spending fell, indicating its cardholders are in dire need of cash to pay for debts and staples. 

Cash advances withdrawn from credit cards at Thailand's fourth-largest commercial lender by assets from Jan 1-22 rose to 1.59 billion baht, up from 1.38 billion over the same period a year before, said Chatchai Payuhanaveechai, executive vice-president.

And spending through the bank's plastic cards declined to 11.8 billion baht from 14 billion.

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