The Bank of Thailand is considering adding a haircut method to the third phase of debt relief measures to help borrowers reeling from lower income caused by the virus crisis.
The regulator has discussed an additional debt relief instrument with financial institutions to respond to the actual requirements of borrowers on a case-by-case basis for the third phase of debt relief.
Cutting the principal on loans could be a solution to increase the debt-servicing ability of borrowers, attracting them to join the debt relief programme.
An additional instrument will better help customers who have been affected by the outbreak, said Ronadol Numnonda, deputy governor overseeing financial institution stability.
The central bank is also considering …
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