With rice farmers facing late payment from the rice-pledging scheme and general debtors earning less due to the stuttering economy, bad loans look likely to increase among leasing businesses.
Thitikorn Plc (TK), a listed hire-purchase firm for motorcycles and automobiles, has seen signs of tight liquidity among its debtors since last year's third quarter, said deputy managing director Prapol Phornprapha.
He said its non-performing loans stood at 4% at the end of that quarter.
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