News
Central bank expects spike in NPLs
The Bank of Thailand (BoT) expects higher non-performing loans (NPLs) in the local banking system after banks relaxed debt assistance measures, but the bad loans are expected to be contained under the strong risk management of the banking sector.The central bank on Friday announced the ...
Somruedi Banchongduang
BoT worried over possible rise in NPLs
The Bank of Thailand (BoT) is concerned with the expected higher number of non-performing loans (NPLs) of tourism-related businesses in the second quarter of this year because of the the third wave of Covid-19.Both the BoT and financial institutions are concerned about rising NPLs in ...
Somruedi Banchongduang
Household debt risks boiling over
The country’s household bad debt is expected to reach 1 trillion baht this year, putting the ratio to total loans outstanding into double digits as debt-servicing ability erodes amid coronavirus-induced income shocks, says the head of the National Credit Bureau (NCB).Non-performing loans (NPLs) are surging ...
Somruedi Banchongduang
BoT's Debt Clinic expands criteria
The Bank of Thailand has relaxed conditions for its Debt Clinic, a scheme that pools unsecured bad loans owed to multiple creditors, to cover cases that have a single debtor and expanded qualified creditors to specialised financial institutions (SFIs) to step up efforts to keep ...
Somruedi Banchongduang
Economic slowdown leads to strict control on bank loans
The Bank of Thailand has reported that data from commercial banks in the second quarter has revealed a spike in overdue debts, and that SME loans are on the rise and have the potential of becoming non-performing loans (NPLs).Tharit Panpiamrat, senior vice president of the ...
The Nation Reporter
Bad loans relating to farm products rise 12% in first quarter
Non-performing loans (NPLs) relating to agricultural products reached 12 per cent in the first quarter of this year, sitting at Bt25 billion, TMB Analysis reports.The retail and wholesale businesses for small and medium-sized enterprises (SMEs) are in a worrisome situation in terms of debt, said ...
The Nation Reporter