(Photo: Varuth Hirunyatheb)The Bank of Thailand plans to hold a new debt mediation event in an effort to ease the country's swelling household debt and help vulnerable borrowers restructure debt amid the uneven economic recovery. The central bank, in collaboration with the Finance Ministry and other organisations in the public and private sectors, scheduled the online debt mediation event for Sept 26 to Nov 30. There are 56 financial institutions registered to join the debt mediation event, including commercial banks, non-banks, AMCs and SFIs. At the past three debt mediation events, around 80% of participants entered debt restructuring programmes, he said. He said the Bank of Thailand will help viable but fragile borrowers with debt restructuring as an instrument to ease the household debt problem.

Source: Bangkok Post September 01, 2022 23:52 UTC