The TBA is collaborating with the central bank and other related parties to ease the country's high level of household debt. Almost 100% of the total household debt is under the central bank's supervision after the regulator redefined the debt. National agendaMr Piti said he agrees with the central bank reworking the definition for household debt. In addition, Mr Piti said the household debt database of the central bank should be incorporated into the NCB's database. Measures should attempt to improve loan quality in the financial system, particularly new loan offerings, he said.

Source: Bangkok Post July 08, 2023 15:12 UTC