Banks’ bad loans may rise gradually amid outbreak - BoT(Bangkok Post file photo)Commercial banks' bad loans might rise further but lenders should be able to manage them, a senior bank of Thailand (BoT) said on Monday, as the economy deals with the impacts of the recent coronavirus outbreak. Non-performing loans (NPLs) rose to 3.12% of total lending at the end of last year from 2.98% at the end of 2019, she said. "Overall NPLs rose slightly as Covid-hit debtors received assistance from banks, she said. However, loans with a significant increase in credit risk jumped to 6.62% of total lending at end-2020 from 2.79% in 2019, Ms Suwannee said. In 2020, overall banks' lending rose 5.1%, after a 2% increase in 2019, led by large business loans.

Source: Bangkok Post February 22, 2021 10:52 UTC