Thai central bank says sharp rise in bad loans unlikely

Thai central bank says sharp rise in bad loans unlikely

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.

FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok
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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