Post by account_disabled on Dec 26, 2023 2:08:15 GMT -5
The Cooperative Promotion Department proposes to the Cabinet to approve 2 draft ministerial regulations. Supervise excessive lending of cooperatives and concentration of loans-deposits. Ready to prevent cross-borrowing To reduce financial risks of savings cooperatives and credit unions. Emphasizing the prohibition of using life and cremation insurance as collateral. Mr. Phichet Wiriyapaha, Director-General of the Cooperative Promotion Department (Cooperative Promotion Department), revealed that the department has submitted two additional draft ministerial regulations to the Cabinet for consideration and approval. There is a draft Ministerial Regulation on Lending and Credit Granting of Savings Cooperatives and Credit Unions, B.E.... and a draft Ministerial Regulation for Supervising.
the Concentration of Financial Transactions of Savings Industry Email List Cooperatives and Credit Unions, B.E. .S... Issued in accordance with the Cooperatives Act 2019, in which both drafts of the governing criteria have already been heard from stakeholders. The important reason that the Ministerial Regulation is required is to prevent and reduce the risks of the savings cooperative and credit union systems that provide credit to members and borrowing and depositing money between cooperatives. This is because it was found that lending and accepting deposits were interspersed. The value is higher than 721,427 million baht. Some cooperatives have deposited or lent money concentrated in some cooperatives that are famous.
Offer attractive returns. Affecting the risk of that cooperative. At the same time, it was found that Many savings cooperatives provide loans to members. and set the repayment period as high as 400 - 600 installments, and some places give the loan amount higher than the member's ability to repay the debt. As a result, some members' debt payments were deducted to less than 10 percent of their salary, leaving no money left for family expenses. This draft ministerial regulation will help solve the debt problems of cooperative members. In the new draft, it is set to remain at 30 percent of the salary. In this regard, there are 13 drafts of the regulatory criteria that the department has drafted. The Council of State has completed reviewing 7 drafts, and the other 5 drafts have been submitted to the Ministry by the Department.
the Concentration of Financial Transactions of Savings Industry Email List Cooperatives and Credit Unions, B.E. .S... Issued in accordance with the Cooperatives Act 2019, in which both drafts of the governing criteria have already been heard from stakeholders. The important reason that the Ministerial Regulation is required is to prevent and reduce the risks of the savings cooperative and credit union systems that provide credit to members and borrowing and depositing money between cooperatives. This is because it was found that lending and accepting deposits were interspersed. The value is higher than 721,427 million baht. Some cooperatives have deposited or lent money concentrated in some cooperatives that are famous.
Offer attractive returns. Affecting the risk of that cooperative. At the same time, it was found that Many savings cooperatives provide loans to members. and set the repayment period as high as 400 - 600 installments, and some places give the loan amount higher than the member's ability to repay the debt. As a result, some members' debt payments were deducted to less than 10 percent of their salary, leaving no money left for family expenses. This draft ministerial regulation will help solve the debt problems of cooperative members. In the new draft, it is set to remain at 30 percent of the salary. In this regard, there are 13 drafts of the regulatory criteria that the department has drafted. The Council of State has completed reviewing 7 drafts, and the other 5 drafts have been submitted to the Ministry by the Department.
