The lender aims to lower its bad-loan ratio further this year, Mr Praphan said. The bank has outsourced auto loan collection and has no plans to hire more outsourcing firms, rather focusing on operational efficiency. Its auto loan growth is on track, driven by robust car sales, Mr Praphan said. For the first quarter, the bank expanded auto loans to 433 billion baht, up 13.7% year-on-year and 2.81% from the previous quarter. Mr Praphan said the Bank of Thailand's examination of auto loans will raise awareness of risk management in the industry.
Source: Bangkok Post May 20, 2019 23:26 UTC