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Low-Income Group Issued 2.37 Million Credit Cards in Thailand.

Bangkok Post (Bangkok, Thailand)

| April 01, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Parista Yuthamanop

Apr. 1--Around 2.37 million credit cards were held by cardholders with a monthly income under 15,000 baht at the end of 2003, according to new data released by the Bank of Thailand.

Under new regulations announced on Monday by the central bank, cardholders must have either a minimum monthly income of 15,000 baht or sufficient cashflow over the previous six months to cover risk. Previous regulations only stated that banks could consider cash flow or deposits in evaluating card applications.

Samart Buranawattnachoke, a senior director for the central bank's risk supervision policy and analysis department, said of the ...

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Source: HighBeam Research, Low-Income Group Issued 2.37 Million Credit Cards in Thailand.