Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Equity Bottom-Up

<ul><li>According to the personal Facebook account of Mr. Suraphon Ophasathien, general manager of the Credit Bureau, credit card loans classified as special mention (SM) accelerated after the increase in the minimum payment rate to 8% in early 2024.</li><li>Total credit card debts classified as NPLs (overdue for more than 90 days) amounted to Bt64bn, with over 1mn cards, up 14.6% YoY.</li><li>For banks, we assess that the impact of this issue should be relatively limited.</li></ul>

According to the personal Facebook account of Mr. Suraphon Ophasathien, general manager of the Credit Bureau, credit card loans classified as special mention (SM) accelerated after the increase in the minimum payment rate to 8% in early 2024.Total credit card debts classified as NPLs (overdue for more than 90 days) amounted to Bt64bn, with over 1mn cards, up 14.6% YoY.For banks, we assess that the impact of this issue should be relatively limited.

Large Commercial Banks to See Limited Impact From Increase in Minimum Payment Rate for Credit Cards From 5% to 8%

Bank of Ayudhya

Large Commercial Banks to See Limited Impact From Increase in Minimum Payment Rate for Credit Cards From 5% to 8%