On September 2, 19, Ms. Phichamon Jitthum, Assistant Chief Executive Officer – Personal Loan Business, Krungthai Card Public Company Limited or KTC, said that the COVID-19 outbreak lasted almost 2 years. to the lives of both the positive and the negative
Although consumers still need credit to enhance their liquidity when spending necessities for their living. The personal loan business in 2021 is not an easy task and a high challenge that will drive the debtor portfolio to grow in the midst of the crisis. Along with managing the quality of debtors to be in the normal range.
However, KTC aims to maintain the stability of the receivable portfolio quality. therefore adjusting the approval criteria to be more tightened Makes the first half of the personal loan business receivables at the end of June 64 at 29,480 million baht, with the industry 637,849 million baht, a decrease of 2.5% compared to the same period of the year 63 with 802,971 members, the market share is 4.6 % and NPL is 3.0%, of which the industry is 3.5%. It is expected that the end of this year will maintain the debtor portfolio close to the previous year.
As for the operations of KTC’s lending business in the second half of the year, 64 still needs to closely monitor the situation of the Covid-19 epidemic in order to prepare for any uncertainties that may arise. The unsecured personal loan business plan consists of 4 main goals:
1. Focusing on helping credit members affected by the COVID-19 pandemic in a variety of formats as appropriate Emphasize accessibility and express intent that is convenient. which can be easily registered through the KTC website
2. Alleviate members with a continuous debt clearing project by season 12 when members register to participate in the activity. Use a credit card and have the discipline to pay back on time. Will be entitled to clear debt 100% and clear debt 10% throughout the year.
3. Focusing on continuous product development for members to have a comfortable and safe loan experience, reducing exposure to cash. by developing online money transfers via the KTC Mobile app to 13 banks in real time, 24 hours a day, requesting an emergency limit increase via the IVR automation system easily, as well as being able to use a cash card to use all 4 functions, swipe, transfer press installment
4. Expansion of new credit member base The goal is to increase the proportion of KTC PROUD loan members or KTC PROUD to customers who have a higher income base and want to spend a large sum of money. with a campaign to lighten the burden Reduced interest to only 0.93%, installments up to 36 months and recently upgraded motorcycle registration loan products With KTC cash card, Phi Ber, complete with swipe-transfer-press functions
This is the first time in the Thai credit industry that this kind of product has been released. So that Thai people who do not have access to credit sources have working capital to expand their spending on necessities. Suitable for people who have a motorcycle and have a registration book in their own name. Highlighting the advantages of easy loan products, quick approval, large sums of money with a cash card
where members can continue to use the motorcycle They also accept revolving credit lines. and can withdraw the credit limit from the cash card for additional emergency use when making payments and having a good payment history which can use the card to withdraw money to make purchases Transfer money to your bank account in real time and can withdraw cash at ATMs no fee
In addition, KTC has presented a support approach suitable for a variety of members. and in accordance with the policy of the Bank of Thailand to move through this crisis together With all product debtors participating in the assistance measure with KTC as of June 30, ’21, a total of 21,564 accounts, with outstanding debts of 1,545 million baht, and there are 13,370 members of all products requesting a two-month moratorium on debt repayments. As of 15 Aug. ’64
On the side of Ms. Ruenkaew Kasem Sawatsri Director – Credit Business, KTC Phi Berm said that the overview of the car and motorcycle loan industry in the first half of the year 64, the loan business with car registration as collateral. (Pledge of registration) at the end of the 2nd quarter with receivables of 158,493 million baht.
Non-bank financial institutions (nonbanks) dominate the market with approximately 82% of total loans. and car and motorcycle hire purchase business (Hire Purchase) at the end of the second quarter had a total of 1,176,279 million baht in receivables, with commercial banks holding the main market. with approximately 70% of the total loan balance.
However, with the economic slowdown from the Covid-19 crisis This makes the credit market highly uncertain and fragile. both from government policies coupled with changing behaviors and lifestyles of people challenges us to adapt In the last half year KTC Pee Berm’s loan portfolio may not be as expected due to various factors.
But believe that there is still a lot of demand for credit in the market. Therefore, we must search and create interesting products and services. to present to customers thoroughly and to the heart It will focus on lending with caution. to allow the port to grow gradually Rather than growing up quickly and being at risk. It still aims to grow at the end of this year at 1,000 million baht.
For the strategic plan of the secured credit business in the second half of this year KTC has adjusted to be more prepared to deal with the situation. And it is expected that there will be a better trend with 4 main issues:
1. Expanding the scope of loan product portfolio to be more diversified to cover more customer groups from the presence of Krung Thai Business Leasing (KTBL) to strengthen the army This allows us to offer a transferable car registration loan. Refinancing a car registration loan and used car loans which will begin in the third quarter of this year
2. Digital Signing The technology has been used in the process of applying and approval of loans continuously in accordance with the Digital Twin principle. digital No more paperwork and paper contracts required. Reduce the application process to about 1.5 hours. Convenient, safe and reduce exposure.
3. Expand the service area to cover the whole country within this year. which will be tied to branches of Krung Thai Bank in every region And joining forces with KTBL’s network branches will allow for faster expansion.
4. Make the strengths of KTC Phi Ber to be known and reach more target groups. With the outstanding product that comes with 4 strengths, large credit line, approved in 2 hours and get paid instantly. Get unlimited membership and P Berm Delivery service, approved for on-site loans, no holidays, which is a selling point that is different from other operators
In this regard, KTC Phi Berm also confirmed its intention to support. Helping people who are not discouraged in all professions Especially during the economic slowdown, especially the merchants, small business owners. and independent professional groups It focuses on easy access to credit, large credit limit, hassle-free documents. less collateral conditions no age limit If you don’t pay all the installments, you can apply for a loan. including adjusting product conditions to be more flexible Access to a wide range of customers, such as car owners, traffic jams and car owners with restrictions from other financial institutions
