JMART and SGC Ready for New BOT Rules After Loan Disbursements Exceed 20 Billion Baht

Regulation
โดย Share2Trade·TH·Read original
Summary · why it matters

Jaymart Group Holdings (JMART) and SG Capital (SGC) have confirmed their readiness for the Bank of Thailand's direction in raising supervision of non-bank businesses and Buy Now Pay Later services, which are currently in the process of being regulated and opened for public comment. SGC, a company under Singer Thailand and part of the Jaymart Group, celebrated a milestone in its mobile phone lending business after cumulative new loan disbursements exceeded 20 billion baht. Mr. Adisak Sukhumvitaya, Chief Executive Officer of JMART, said that the enhanced supervision is a positive direction for the industry, and the Jaymart Group has always prioritized responsible lending, risk management, and good governance. Meanwhile, Mr. Anothai Srithiapetch, Managing Director of SGC, said that the company has been continuously operating its Lock Phone loan business through the SG FINANCE+ platform, and the BOT's direction aligns with the principles SGC emphasizes, including interest rates, service fees, and charges. SGC will closely monitor the details of the new regulations to adjust its operations to comply with the requirements.

Impact on stocks 3

Digital Finance & Tokenization▲ · 1 stocks
Jay Mart Public Company Limited
JMART
▲ PositiveRegulationrelevance

JMART CEO welcomes the BOT's enhanced supervision of non-bank lending as a positive direction for the industry, with the group emphasizing responsible lending and governance.

Financials▲ · 1 stocks
SG Capital PCL
SGC
▲ PositiveRegulationrelevance

SGC says the BOT's new non-bank/BNPL rules align with its own principles on interest rates, fees and charges, and it will adjust operations to comply.

Consumer Discretionary▲ · 1 stocks
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