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 in the second quarter, in line with projections that the economy will suffer its deepest contraction in the period as the outbreak continues and partial lockdown measures are maintained, said NCB chief executive Surapol Opasatien.
Somruedi Banchongduang
