Tuesday, December 10, 2019

BAD-LOAN FEARS SPUR CHECKS

Oct 23. 2017
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By The Nation

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Financial companies’ concerns about rising non-performing loans have prompted them to conduct more thorough checks on loan applicants’ financial status, said the National Credit Bureau’s managing director, Surapon Opassathien.

Surapon, in an interview Krungthep Thurakij, a sister publication to The Nation, said that in the first nine months of this year, 94 financial institutions carried out made 32 million checks in relation to loan applications – or an average of 3.55 million a month. The scale of investigations indicates the companies concerns over non-performing loans, he said.

At the end of the second quarter of this year, non-performing loans from all financial institutions reached 7.1 per cent, up from 6.7 per cent at the end 2016, Surapon said.

 

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