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Bangkok Post
Bangkok Post
Business

Credit card firms to meet BoT as debt accumulates

The Credit Card Club, a unit of the Thai Bankers' Association, plans to meet with the Bank of Thailand to share information about the credit card market to address the regulator's concerns over rising household debt stemming from unsecured loans.

The club has 16 members, mostly credit card providers from commercial banks and large non-banks, such as Krungthai Card and Aeon Thana Sinsap (Thailand) Plc.

Credit cardholders with a minimum income of 20,000-30,000 baht per month make up the majority of their customers, said club chairman Atis Ruchirawat.

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