Thai bad loan ratio strikes three-year high as debt-relief prepared

Thai bad loan ratio strikes three-year high as debt-relief prepared

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PUBLISHED : 26 Nov 2024 at 16: 26 Listen to this shortarticle People goover monetary offers at Money Expo 2024 Bangkok on May 16,2024 (Photo: Varuth Hirunyatheb) Thai banks’ non-performing loans last quarter leapt to their greatest level in 3 years as struggling business and private customers continued to battle to payback financialobligation, though the Bank of Thailand revealed development in talks with the Finance Ministry on relief steps. Some 2.97% of industrial banks’ exceptional loans were non-performing at the end of September, up from 2.84% in the previous quarter, BoT Assistant Governor Suwannee Jatsadasak informed a press conference on Tuesday. That was the greatest ratio consideringthat the t
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