Dancers at Police Station Spark Outrage Among Netizens

[webfact]

Banks tighten lending to keep non performance loans low 

 

 

BANGKOK: -- Banks and non-banks continued to tighten their personal loan lendings to keep their non performance loans low.

 

This was revealed by Mrs Sudaporn Janwatanakul, executive vice president of personal loans business at Krungthai Card PCL (KTC).

 

She said personal loans are expected to expand just 3% to 5% this year, because domestic purchasing power has not yet recovered, and spending remains slow.

 

Meanwhile both banks and non-banks have also tightened their lending criteria in a bid to keep their nonperforming loans low with loan approval rates standing only at 30%.

 

Full story: http://englishnews.thaipbs.or.th/banks-tighten-lending-keep-non-performance-loans-low/

 

-- © Copyright Thai PBS 2017-04-26

[Srikcir]

3 hours ago, webfact said:

Banks and non-banks continued to tighten their personal loan lendings

But ...

3 hours ago, webfact said:

personal loans are expected to expand just 3% to 5% this year

So the banks haven't really tighten personal loan lendings?

So long as the government continues to support personal loan subsidies and refinancing, it doesn't matter.

[Happyman58]

What will the criteria be? I know they will be asked if they have a job That should stop about 20% of them from getting  a loan

[FlorC]

Let's say you're 200K short of the 800 K for retirement extention .... could you loan that 200 k from a (thai) bank for 3 months as a foreigner without

income ?

Payback after extention is granted ( and paid from the 600k ).

[USPatriot]

Thw banks are still not falang friendly with loans

[piersbeckett]

Good news for loan sharks - it's an ill wind .......

[ladada]

Lol. 

 

Can one really trust NPL figures? I know plenty of thais with cars taking so much of their disposable income that I'd caution against it even if it was repayment mortgage on their ideal home. 

 

Lending criteria? Not a problem.. You buy the rip off life assurance annuity and we'll carefully guide you through all neccessary formalities.. I promise, but wire me 5,000baht deposit to my bank first. <wai emoji> on line app ka.. 

[mrmicbkktxl]

27 minutes ago, USPatriot said:

Thw banks are still not falang friendly with loans

Is there anything farang friendly in Thailand?

[SABloke]

Let's say you're 200K short of the 800 K for retirement extention .... could you loan that 200 k from a (thai) bank for 3 months as a foreigner without
income ?
Payback after extention is granted ( and paid from the 600k ).

It's possible, but whether you're going to find a bank willing to do it is another question. If you're only 200k short you could probably find a lawyer that will get you the cash (might only cost you 20k -40k)

[docshock13]

Catch-22. Banks and lenders won't dispense money on account spending is slow. Spending won't pick up unless there is cash in the economy. 

I don't blame the banks and consumers for their cautious approach in these unpredictable times, rather there needs to be credible and viable fiscal policy coming from gov't house that inspires confidence in the economy (both inside and outside Thailand).  So far it has been smash-and-grab and every man for himself. As well as unneeded submarines, persecutional defamation suits, improving the "image" for tourists, populist band-aid/handout policies (which were condemned before) but now are ok and lip service to stamping out corruption. But nothing on a rigorously studied long-term economic plan. Just crickets among the cacophony of breaches of the computer crimes act, sedition charges etc.  

Thailand is trying to put lipstick on a pig and a band-aid on the gaping wound that is its economy. 

Having said that, having a transparent and level playing field for business would require those that are commanding this ship of fools to come clean. Never going to happen. Good luck to all who have chips on the table. 

[connda]

My stepson and daughter-in-law earn, maybe, 10K each per month.  They carry a car loan, but can't afford proper auto insurance. Then they are able to buy a 25K camera on credit.  Personally imho that the banks are already carrying enough sub-prime loans on their books to basically sink the financial sector the next time around.  Just go to a mall on the weekend and see all the banks pimping revolving credit cards!  

 

One nice thing about being a farang in Thailand.  Banks won't extend credit to most of us, which is dandy as far as I'm concerned.  It I can't pay cash for an item, I don't need it.  If I need it, I'll save and purchase with cash.  

Best a luck with Thailand and Thai debtors when the banks call in their loans during the next financial crisis.  The average person isn't sophisticated enough to read the fine print in a loan and credit card agreements

[pentap]

People have no money! No employment! No future!

The world economy has not recovered.

The number of tourists visiting Thailand is far less plus Thailand has become an expensive place.

Spending power is far less.

A child can add 2+2 and give the correct answer so why can't these financial establishments see the light?

For obvious reasons, domestic spending is going to remain low.


Sent from my iPad using Thaivisa Connect

[Nowisee]

1 hour ago, connda said:

My stepson and daughter-in-law earn, maybe, 10K each per month.  They carry a car loan, but can't afford proper auto insurance. Then they are able to buy a 25K camera on credit.  Personally imho that the banks are already carrying enough sub-prime loans on their books to basically sink the financial sector the next time around.  Just go to a mall on the weekend and see all the banks pimping revolving credit cards!  

 

One nice thing about being a farang in Thailand.  Banks won't extend credit to most of us, which is dandy as far as I'm concerned.  It I can't pay cash for an item, I don't need it.  If I need it, I'll save and purchase with cash.  

Best a luck with Thailand and Thai debtors when the banks call in their loans during the next financial crisis.  The average person isn't sophisticated enough to read the fine print in a loan and credit card agreements

One other nice thing about being a farang in thailand... when? If? the economy goes tits up, I sit back and observe, see if it's a good time for me economically?  IF not, pack my bags and leave it up the wily govt shark  think tank to pull the wool over the eyes of the blind sheep... ok, sorry, that was a bit harsh.  

 

I will actually feel sorry for a few people I know... they are upside down, inside out with debt and don't appreciate the danger.  
Does thailand have bankruptcy?  

Edited April 27, 2017 by Nowisee

[worgeordie]

The future does not look very bright for all the new Condo's and houses,

that are mushrooming up everywhere.over supply,cannot get loans to

buy them,property developers will be looking for Government help.

regards worgeordie

[wakeupplease]

Start to think 2007 every 10 years we see a crash somewhere