SCB preps with long-term debt rejig

Siam Commercial Bank (SCB) has prepared long-term debt restructuring for customers to help them survive the prolonged Covid-19 pandemic, in line with the central bank’s requirement.

SCB expects applicants for debt relief measures in 2022 to have 500 billion baht in debt outstanding, up from the 464 billion recorded in the third quarter of 2021, said chief financial officer Manop Sangiambut.

He said some customers who exited the debt relief programme were expected to return to ask for financial aid because of the continued outbreak, including the Omicron variant.

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Somruedi Banchongduang