Showing 1 - 6 of 6
Household debt risks boiling over
Business, Somruedi Banchongduang, Published on 23/05/2020
» 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).
BoT's Debt Clinic expands criteria
Business, Somruedi Banchongduang, Published on 04/02/2020
» 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 a lid on bad loans.
Debt Clinic's second phase meets with success
Business, Somruedi Banchongduang, Published on 15/10/2019
» Debt Clinic, the Bank of Thailand's scheme that pools unsecured bad loans owed to multiple creditors to turn them into performing assets, managed to achieve its target of making 10% of participants pay off the debt.
BoT clarifies loans under debt restructuring scheme
Business, Somruedi Banchongduang, Published on 10/10/2019
» The Bank of Thailand insists that banks, under the new financial accounting standard, can extend fresh working capital loans to commercial loan defaulters who are in the debt restructuring process without loan-loss provision requirements for the new loans.
BoT, bank association to sign pact on responsible lending
Business, Somruedi Banchongduang, Published on 06/08/2019
» The Bank of Thailand and the Thai Bankers' Association plan to sign an agreement on five directives for responsible lending, including debt-service ratio (DSR), to take effect from next January.
Bank of Thailand extends debt clinic
Business, Somruedi Banchongduang, Published on 13/02/2019
» The Bank of Thailand expects debtors at non-bank financial institutions to participate in the central bank’s Debt Clinic by the second quarter of this year.