Economic slowdown leads to strict control on bank loans
The Bank of Thailand has reported that data from commercial banks in the second quarter has revealed a spike in overdue debts, and that SME loans are on the rise and have the potential of becoming non-performing loans (NPLs).
Tharit Panpiamrat, senior vice president of the central bank’s risk assessment and analysis department, said data from commercial banks indicates that “special mention” status given to loans with payments overdue for less than 90 days stood at 2.74 percent, compared to 2.56 percent in the previous quarter.
The Nation Reporter
