Banks respond to household debt planMembers of the public attend a debt mediation fair held at Impact Muang Thong Thani. Non-banks who are members of the club are ready to comply with the central bank's measures. Payong Srivanich, chairman of the Thai Bankers' Association, said commercial banks are preparing to comply with the central bank's PD measures. Ronadol Numnonda, deputy governor of the Bank of Thailand, said the central bank would approach auto hire-purchase loan operators and the remaining co-operatives to participate in the central bank's household debt resolution. Around 70% of total household debt is currently under the central bank's supervision.

Source: Bangkok Post July 28, 2023 07:51 UTC