THURSDAY, March 28, 2024
nationthailand

Bank of Ayudhya bullish on growth in hire-purchase loans

Bank of Ayudhya bullish on growth in hire-purchase loans

Bank of Ayudhya expects its hire-purchase loans to total Bt150 billion this year, shading an earlier estimate Bt140 billion - up 11 per cent from last year, the bank’s head of Krungsri Auto Group Pairote Cheunkrut said at press release yesterday.

Pairote said this followed a first half in which new hire-purchase loans reached Bt77.9 billion, up 15 per cent from the same period of last year.
The bank forecasts the overall new hire-purchase loan worth Bt547 billion by the end of this year, up 7 per cent from last year, he said.
He added that the bank had controlled its non-performing loans (NPLs) for its auto business , limiting to them to not more than 2 per cent. NPLs reached 1.56 per cent in the first quarter of this year. This is a reduction from 1.63 per cent in the end of last year.
 

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