The impact from the Bank of Thailand's amended title loan regulation is expected to be minimal on the industry's lending growth, says Ngern Tid Lor (NTL) Co Ltd, a leading player in the business. The amended regulation is aimed at better protecting consumers, as picofinance and personal loans are now under the central bank's supervision. Those operating under picofinance licences are regulated by the Finance Ministry's Fiscal Policy Office, and they can run businesses in specific provinces. Those with personal loan licences will be governed by the Bank of Thailand. "With a clear business operation under a personal loan licence, the company will not feel any impact from the amended regulation," Mr Piyasak said.

Source: Bangkok Post May 17, 2019 23:26 UTC