Jump to content

Temporary measures to resolve NPLs at specialised financial institutions


snoop1130

Recommended Posts

money.jpg

 

The Bank of Thailand has issued a temporary measure allowing state-run banks of the Assets Management Company to establish joint asset management entities, to address the non-performing loans (NPLs) of specialised financial institutions (SFIs).

 

Ronadol Numnonda, the central bank’s deputy governor for financial institution stability, said today that financial help is necessary for many debtors of the SFIs, who have become NPLs after being affected by the COVID-19 pandemic.

 

He said that the asset management companies must be formed this year to manage the NPLs for a period of 15 years, which includes debt restructuring, adjustment of repayment instalments and debt repayment terms.

 

Full story: Thai PBS 2024-02-28

 

- 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

 

Join us now!

Link to comment
Share on other sites

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...