Debt restructuring to be extended
Debt restructuring periods offered to borrowers affected by the pandemic could be extended to more than 10 years, says Thai Bankers’ Association (TBA) chairman Payong Srivanich.
The Bank of Thailand, in collaboration with the TBA, recently implemented additional debt assistance measures to provide sustainable aid to borrowers struggling with the pandemic’s impact, said deputy central bank governor for financial institution stability Ronadol Numnonda.
Somruedi Banchongduang
