However, the Finance Ministry has to discuss ways with the Bank of Thailand on how it can revise the measures. Its non-performing loans stood at Bt49.295 billion at March 31, or 4.37 per cent of its total outstanding loans. The bank also plans to introduce what it calls a savings lottery, worth Bt107 billion over this year and the next. The last phase, worth Bt50 billion, will be offered to customers at a price of Bt500 per savings lottery next year, Chatchai said. Some 6,300 contracts worth Bt4.3 billion have been signed; 127,000 people had registered to apply for the loans.

Source: The Nation Bangkok May 23, 2019 21:58 UTC