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NPL ratio seen peaking at 4%
4
Rate attributed to new viral outbreak
published : 17 Feb 2021 at 05:18 Ms Nayanee says debt scheme helped to contain a surge in NPLs.
Krungsri Consumer, an unsecured loan unit under Bank of Ayudhya, expects the non-performing loan (NPL) ratio for personal loans to peak at 4% this year attributed to the second-wave outbreak.
NPLs have been rising since the beginning of this year because of the latest outbreak emerged since late last year. The company, however, has paid attention mainly to helping customers with debt restructuring through several measures based on borrowers requirements on a case-by-case basis.
Under this scenario, Krungsri Consumer expects the NPL ratio for personal loans to peak at 4% in the first quarter as the bad debt ratio rose to 3.4% of total outstanding personal loans at year-end 2020, surging from 2.7% registered at year-end 2019, said Nayanee Peaugkham, head of Krun