Thailand:Bad loans ready to peak

• Aug 12, 2016

Thailand:Bad loans ready to peak

Friday, 12 Aug 2016 – The surge in bad loans is expected to peak in the third quarter and take a bite out of commercial banks’ quarterly earnings, says a senior central bank official. Non-performing loans (NPLs) associated with small and medium-sized enterprises (SMEs) and housing are expected to rise as the tepid economic recovery dampens business, said Don Nakornthab, senior director of the financial institutions strategy department at the Bank of Thailand. The central bank has asked commercial banks to assist SMEs deemed to have a good debt-servicing ratio in the long run, he said. Read More?