BoT’s Debt Clinic expands criteria
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.
The third phase of the Debt Clinic allows defaulted debtors who owe at least one creditor, regardless of whether the debtor was determined by a court to participate in the scheme.
Somruedi Banchongduang
