(Nov 26): Thai banks’ non-performing loans last quarter jumped to their highest level in three years as troubled corporate and individual borrowers continued to struggle to repay debt, though the Bank of Thailand announced progress in talks with the finance ministry on relief measures.
Some 2.97% of commercial banks’ outstanding loans were non-performing at the end of September, up from 2.84% in the previous quarter, Bank of Thailand assistant governor Suwannee Jatsadasak told a press conference Tuesday. That was the highest ratio since the third quarter of 2021, she said.
Prime Minister Paetongtarn Shinawatra has pledged measures to help reduce high household debt levels that are fueling bad loans and making banks reluctant to extend…
