Posts Tagged ‘debts’

Bank of Thailand (BoT) Assistant Governor Sorasith Sunthornkes on Wednesday revealed the central bank had urged commercial banks to lend more to the business sector, particularly small- and medium-size enterprises (SMEs), in support of government policy.

Additionally, the central bank prompted Thailand’s commercial banks to supervise the capital fund and non-performing loans (NPLs) closely, and asked them to restructure debts to ensure that the capital base is not affected.

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Despite economic sluggish and political turmoil in Thailand, most foreign investors are still willing to invest in  this country as they watch the government’s policy and see how it solve problems prevailing in the country first, according to Thai Finance Minister Korn Chatikavanij.

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Bank of Thailand (BoT) Assistant Governor Sorasith Sunthornkes on Monday allowed that the risk factors regarding ‘specially mentioned’ (SM) loans held by 17 commercial banks had increased, but the rising numbers of late payments could not yet be classified as non-performing loans (NPLs) and do not yet affect the banks’ financial stability.

SM loans are defined as those having missed payments for 1-2 months while non-performing loans (NPLs) are those with missed payments for 3 months or longer.
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