NPLS SURGE 30% IN NANO FINANCE
Non-performing loans (NPL) in nano finance has jumped 38 per cent or Bt221 million to Bt803 million after a surge in loan extensions last year, according to the Bank of Thailand.
At the end of last year, total outstanding nano finance loans skyrocketed by nearly 700 per cent or Bt30.858 billion to Bt35.635 billion.
At the end of 2017, total loan extensions stood at Bt4.777 billion.
Thakorn Piyapan, head of Krungsri Consumer and Krungsri Digital Banking and Innovation at Bank of Ayudhya, said NPL in its nano-finance business has risen to 6-7 per cent and the bank is trying to keep it from rising further.
