News

Household debt for Q2 spikes at Bt16.07 trillion

The national household debt has increased by 3.6%, compared to the first quarter, to about 16.07 trillion baht in the second quarter of this year, representing 90.7% of GDP, according to the National Economic and Social Development Board.The board said that credits of all kinds ...

Thailand's household debt swells amid policy stagnation concerns

It has been nearly two months since Thai voters crowned a newish, pro-democratic Move Forward Party the winner in the May 14 general election. While Thailand awaits the formation of a new government, its long-standing headache of excessive household debt continues to worsen, making the ...

Banks wary of BOT's proposed debt relief criteria

The Bank of Thailand (BOT) is poised to issue three guidelines to reduce household debt – which rose to 16 trillion baht or 90.6% of GDP in the first quarter, from 86.3% last year.The central bank said it will propose guidelines on responsible lending, risk-based ...

The Nation Reporter

Thailand Faces $438 Billion Household Debt in Risk to New Leader

Rising household debt is a “time bomb” awaiting Thailand’s new government, and the problem will likely be more apparent when the ongoing economic recovery loses momentum, an official said.“It’s like a ticking time bomb that can explode later,” Danucha Pichayanan, secretary-general of the National Economic ...

BOT likely to take steps to contain Thai household debt as total exceeds THB15.09 trillion

Thai household debt rose to 15.09 trillion baht at the end of last year, after a 180-billion baht increase in the fourth quarter of 2022.However, the debt-to-gross domestic product (GDP) ratio saw a marginal quarter-on-quarter decline from 87% to 86.9% in the fourth quarter of ...

The Nation Reporter

Household debt continues to increase, nears 15 trillion baht

Thailand’s household debt reached 14.9 trillion baht in the fourth quarter of last year, as bad debts doubled due to the Covid-19 crisis, according to the National Economic and Social Development Council (NESDC).Household debt increased by 3.9% in the fourth quarter, compared to 3.5% in ...

The Nation Reporter

Thai c.bank wants to see household debt below 80% of GDP

Thailand’s central bank said it wants to see household debt levels below 80% of gross domestic product (GDP) to help reduce economic and financial risks, an official said on Tuesday.But measures introduced so far and a recovery in the economy might not be enough to ...

Tackling household debt high on govt's 2022 agenda

The government has set its sights on hastening the economic recovery and marking 2022 as the year of tackling household debt, said Prime Minister Prayut Chan-o-cha in his New Year message.In a Facebook post, Gen Prayut said the country has been beset by problems stemming ...

Bangkok Post Reporter

Household debt increases Bt136 billion in second quarter

Thai household debt in the second quarter of 2021 recorded at 14.27 trillion baht, or 89.3 per cent of GDP, comparing to 14.14 trillion baht recorded in the first quarter, or 90.6 per cent of GDP, which was the highest point of household debt per ...

The Nation Reporter

Household debt reaches 18-year high

Thailand’s household debt has hit an 18-year high after rising to 90.5% of GDP in the first quarter.Kasikorn Research Center (K-Research) reported Thailand’s outstanding household debt increased to 14.13 trillion baht in the first quarter of 2021, or 90.5% of GDP, the highest level in ...

Bangkok Post Reporter

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