Businesses Suffer Bt405 Billion In Bad Loans In Q3

Businesses suffer Bt405 billion in bad loans in Q3

BANGKOK, Nov 22 (TNA) -- Non-performing loans (NPLs) sustained by the private Thai businesses stood at more than Bt405 billion at the end of third quarter this year, according to the Bank of Thailand (BoT).

Most businesses saw their NPLs decline during the quarter due to debt restructuring, it said.

NPLs which retreated most during the quarter were in the property business sector which saw its bad loans at Bt9.6 billion, down 4.52 per cent from

the second quarter of 2009, followed by consumer products, which dropped to Bt58.3 billion, or 3.22 per cent, the BoT said.

It said only a few businesses had the number of their NPLs rise during the period. The industrial sector had its NPLs increase the most to approximately Bt160 billion, up 4.87 per cent, followed by the mining sector which saw NPLs rise to about Bt2 billion or up 3.61 per cent. (TNA)

-- TNA 2009/11/22

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