BoT sets 2 paths for household debt

A central bank economist forecasts a crossroads for the country’s household debt over the next four years, either rising to 92.8% of GDP or declining to 79.1%.If Thai household debt grows at 1.2 times GDP, average growth over the past five years, the country’s household ...

Bangkok Post Reporter

Thai banks strong, can weather uncertainty - BoT

Thailand’s banking system remained resilient with high capital buffers and liquidity to cushion economic uncertainty, the Bank of Thailand (BoT) said on Monday, as the country deals with a third wave of coronavirus infections.The outbreak, the country’s biggest so far, has hit consumption and tourism, ...

Repayment progress in Q3

Borrowers showed improved debt-servicing ability in the third quarter, especially for numerous auto loan customers that exited from the Bank of Thailand’s debt relief measures.Commercial banks provided financial assistance to customers worth a total of 3.78 trillion baht from July to September, making up 26% ...

Somruedi Banchongduang

Debt repayment, interest reduction measures to be extended to mid-2021 [Video]

The Bank of Thailand has extended its debt repayment and interest reduction measures until June next year, to help debtors and alleviate their financial burden.Keep watching ...

BoT prolongs debt moratorium for SMEs

The Bank of Thailand has extended the debt moratorium period to next June for small and medium-sized enterprises (SMEs) with a credit line below 100 million baht and difficulty in servicing existing debts.The extension period will end on June 30, 2021. The extension will only ...

Bangkok Post Reporter

FTI wants to extend debt programme

The Federation of Thai Industries (FTI) plans to ask the Bank of Thailand to extend the debt moratorium scheme, which will end next month, for another two years.The extension would require businesses to pay 10% of interest payments for six months to alleviate the fear ...

Lamonphet Apisitniran

Central bank issues debt relief measure to slash Thais’ interest burden

The Bank of Thailand on Thursday issued a new debt relief measure aimed at reducing Thais’ interest rate burden from 16-25 per cent to 5.5-8.8 per cent.The debt consolidation measure will allow borrowers to bundle their credit card, personal and mortgage loans into one sum, ...

The Nation Reporter

Labour rights advocates call for debt relief

Labour rights advocates have called for a debt moratorium at financial institutions as another state measure to relieve the economic impact on informal workers caused by anti-Covid-19 measures.While the 5,000 baht to be given to eligible workers for three months allows them to have some ...

Penchan Charoensuthipan

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