CardX responds to the Bank of Thailand

Bangkok, CardX responds to the Bank of Thailand's focus on resolving household debt problems. Mr. Sarath Rattanaporn, Chief Executive Officer of Card In providing credit in a responsible and fair manner (Responsible Lending), emphasis is placed on providing complete information, not exaggerating, not distorting, and adding content that provides financial knowledge. Including adjusting various advertising media. By providing warnings and encouragement to emphasize financial discipline. Promote borrowing only as necessary and repayable in various advertising pieces. CardX's operating results as of December 31, 2023, the company has a total loan balance of more than 115,500 million baht, a total member base of approximately 3.06 million accounts, a total loan portfolio of 115,500 million baht, divided into a portfolio of 2,140,000 credit card members, loan value to credit card debtors, 58,000 million baht. The proportion of credit card member portfolios and personal loan members is 50:50. The business categor ies with the highest spending include hypermarkets, insurance, and gas stations. And the business categories with the highest number of spending items include: Restaurant category, Shopping category, and Travel category The plan for 2024 aims to push to give back and help ease the burden on consumers through the 'More Light' campaign, paying in installments of 0% for 4 months easily by yourself when spending 2,000 baht or more per sales slip that has received response. It is very well received from customers. There are also various measures and campaigns. in collaboration with store partners Including various stores throughout the year, which will help increase liquidity for consumers to shop more easily and comfortably. It is expected that there will be a growth of 15 percent in credit card spending in 2024. 'The company continues to target improved operating results. Along with taking care of the total debtor portfolio to expand more. Under the appropriate risk tolerance Together with the development of t echnology to enhance the experience. and providing personal loan services Data analysis to increase business opportunities Focus on communication through online channels to suit and correspond to individual needs,' Mr. Sarach said. Source: Thai News Agency