BoT fully supports scheme and extra help for SFIs’ clients
The BoT told the Cabinet it supports the “Clear Debt, Move Forward” scheme as a public–private cooperation to help small borrowers with relatively low non-performing balances resume debt repayment, close their bad loans more quickly and rebuild a good repayment record.
The central bank also raised no objection to additional, tailor-made restructuring measures by SFIs, noting that SFI clients are often more vulnerable than commercial bank borrowers and may need softer terms. These SFI-specific measures may include:
- allowing full principal write-downs with complete interest waivers in certain cases
- more lenient debt collection and repayment conditions than normal…