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Bangkok Post
Bangkok Post
Business

SHOCKING: Ktc shifts from car hire purchase loans | Mind Blowing Facts

KTC Krungthai Bank
The logo of Krungthai Bank, the owner of Krungthai Card, at a Money Expo. (Photo: Somchai Poomlard)

Krungthai Card Plc (KTC), a non-bank entity under Krungthai Bank (KTB), is edging away from car hire-purchase loans after the consumer regulator tightened the rules for this segment.

The company will not concentrate on auto hire-purchase loans because of the segment's narrower revenue margin after the Office of the Consumer Protection Board (OCPB) stipulated the ceiling interest rates for such loan products late last year. The rules are due to take effect on Jan 10.

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