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Thailand's Central Bank Puts Brakes on Credit Cards.
Byline: Parista Yuthamanop
Mar. 2--The Bank of Thailand will shortly issue new measures aimed at clamping down on the rapid growth of non-bank credit cards issued to low-income groups, according to Tarisa Watanagase, deputy governor for the financial institutions stability group.
She said the central bank was increasingly concerned with the steady rise in credit cards and the fact that the highest proportion now was in the low income segment provided by non-bank issuers.
According to the central bank, non-bank credit cards totalled 3.7 million at the end of 2003, with outstanding credit of 37.8 billion baht. The number of non-bank cards rose by ...
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Source: HighBeam Research, Thailand's Central Bank Puts Brakes on Credit Cards.