Sukhumvit Asset Management Company, or SAM, has signed a cooperation agreement with Krungthai Card, or KTC, to assist non-performing loan (NPL) debtors through the SAM Debt Clinic project. Eligible debtors can choose from three debt restructuring options with annual interest rates of 3-5% and repayment periods of up to 10 years. Eligibility criteria include being an individual with income, aged not over 70 years, having payments overdue by more than 120 days, and total debt not exceeding 2 million baht. For debtors with multiple creditors, SAM will act as a central coordinating agency, while those with debt only to KTC can negotiate directly. SAM's Managing Director stated that this cooperation is a significant step in concretely addressing household debt issues, while KTC's executives expressed their commitment to responsibly care for members and provide options suited to their repayment capacity.
Krungthai Card PCLKTC partners with SAM to offer NPL debtors restructuring at 3-5% over 10 years, helping it manage and recover overdue member debt.
SAM signs cooperation agreement with KTC to run its Debt Clinic NPL restructuring program, expanding its debt-management business.
