Capacity to repay to normalise by 2024People maintain social distancing while waiting to access financial services at a branch of Government Savings Bank at a shopping mall. Varuth HirunyathebThe debt repayment capacity of retail customers at Government Savings Bank (GSB) will gradually return to normal levels in three years once the pandemic is controlled, said bank president Vitai Ratanakorn. This recovery process should gradually restore the debt repayment abilities of GSB's retail customers to normal levels within 2-3 years. The service sector depends on international tourist arrivals, which tallied 40 million in 2019. However, the EIC expects tourist arrivals to increase to 6.3 million in 2022 thanks to the improvement in infections locally and internationally, as well as a low base effect.

Source: Bangkok Post September 20, 2021 21:33 UTC