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Thai central bank says sharp rise in bad loans unlikely

Thai central bank says sharp rise in bad loans unlikely

FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva

BANGKOK: Thailand's central bank said on Friday it did not expect non-performing loans to increase sharply due to debt relief measures to help debtors cope with the impact of coronavirus outbreaks.

Given the country's vaccine rollout and reopening plans, a quick recovery in economic activity will also help prevent bad loans from surging, Deputy governor Ronadol Numnonda told a briefing.

(Reporting by Orathai Sriring, Kitiphong Thaichareon, Satawasin Staporncharnchai; Editing by Ed Davies)

Source: Reuters

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