BANGKOK, 1 June 2014 — More and more Thais have asked for their credit reports from the National Credit Bureau (NCB), as commercial banks and financial institutions have become more vigilant on lending.
According to NCB Managing Director, Surapol Opassathien, nearly 120,000 people requested for credit reports in the first three month of 2014, compared to approximately 108,000 during the same period last year. Banks and financial institutions have raised their loan approval standards in order to prevent the number of non-performing loans from rising as a result of local economic slowdown.
Meanwhile, the number of loan accounts in the NCB database has increased by 7.97 per cent, equivalent to 71.5 million accounts, up from the 67.07 million reported at the end of March 2013.
