Commercial banks in Thailand have introduced a two-month debt moratorium for all customers in 29 provinces that are currently in a partial lockdown state, the Thai Bankers’ Association President announced yesterday, August 2nd.

 

Association Chairman Payong Srivanich addressed that in order to reduce the Covid-19 spread, all banks need to be closed or rescheduled under the government order, especially in 29 provinces from the maximum strict and controlled areas.

 

The two-month debt moratorium, therefore, is designed to help customers and entrepreneurs who are affected and suffering from the partial lockdown. The urgent assistance will cover 29 provinces in the dark-red zone areas.

 

Full Story: https://thepattayanews.com/2021/08/03/thai-bankers-association-introduces-two-month-debt-moratorium-for-customers-in-dark-red-zone-areas/

 

-- © Copyright The Pattaya News 2021-08-03

 

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This should be the case during the entire span of COVID restrictions. The Thai gov can back stop the lenders with it's huge foreign exchange reserves.

Of course they will still continue to accrue interest on the money owed them while they stop requiring payments.