Pairote: Millennials like digital lendingKrungsri Auto, the auto lending arm of Bank of Ayudhya (BAY), saw its digital loan growth double to 1.2 billion baht this year, indicating that the online channel is gaining ground. Digital lending should continue to grow next year, based on improving technology and consumers' changing lifestyles, he said. For instance, Krungsri Auto is offering digital lending services through online marketplace Kaidee.com. Mr Pairote said the country's auto industry rebound has boosted BAY's car loan growth this year. The bank is targeting 150 billion baht in new auto loans to lift its car loan portfolio to 307 billion this year.

Source: Bangkok Post December 15, 2017 00:11 UTC