snoop1130 Posted January 25 Share Posted January 25 Thailand’s household debt is expected to soar to 16.9 trillion baht, or 91.4% of GDP, by the end of this year, with the value of non-performing loans (NPLs) in the banking system estimated at about 152 billion baht, according to TMB Thanachart Analytics. Household debt, by the end of the third quarter last year, stood at 16.2 trillion baht, up 3.4% on the same period a year before, and the debt accounted for 90.9% of GDP. The 3.4% increase was less than the same period in 2022 because commercial banks had tightened lending practices, which was contradictory to credit card loans, leasing and personal loans, which increased at a higher rate within a decade, said TMB Thanachart Analytics. Full story: Thai PBS 2024-01-25 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Get our Daily Newsletter - Click HERE to subscribe Link to comment Share on other sites More sharing options...
Pouatchee Posted January 25 Share Posted January 25 whatever.... as long as the baht devaluates against foreign currencies.... wonder if the 10 000bht giveaway will change anything 1 Link to comment Share on other sites More sharing options...
ikke1959 Posted January 25 Share Posted January 25 (edited) It is going to be close to bankruptcy Edited January 25 by ikke1959 1 Link to comment Share on other sites More sharing options...
lordgrinz Posted January 25 Share Posted January 25 What's the percentage when they add in the out-of-control loan shark debt? 2 Link to comment Share on other sites More sharing options...
2baht Posted January 25 Share Posted January 25 9 hours ago, snoop1130 said: Thailand’s household debt is expected to soar to 16.9 trillion baht, or 91.4% of GDP Is that all? Let's borrow some more!!! Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now