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Krung Thai Bank's Huge Network a Major Competitor for Industrial Finance Corp.
Byline: Cholada Ingsrisawang
Sep. 3--The Industrial Finance Corp of Thailand says Krung Thai Bank is aggressively luring top clients away through lower lending terms and bigger credit lines.
But IFCT president Anothai Techamontrikul said price-cutting and competition was inevitable. "If the customer has better choices elsewhere, then it's something that can't be helped."
Mr Anothai noted that minimum lending rates often failed to reflect actual rates charged to top customers. Many commercial banks were now offering loans several points off their "prime" rates, either to lure new customers to refinance with their institution or simply to protect ...
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