BOT published a circular on financial assistance to enterprises affected by COVID-19 pandemic. The notification extends the period for financial institutions to submit loan applications to the BOT for a period of six months from the date of the announcement. In addition, BOT has published guidelines on debt restructuring for financial institutions to assist debtors after the expiration of the relief measure to postpone debt repayment under the Emergency Decree. Earlier this year, in response to the COVID-19 pandemic, BOT provided financial assistance to enterprises with debt balance below THB 100 million, by postponing debt repayment for six months until October 22, 2020. BOT deems it appropriate to set guidelines for financial institutions to implement debt restructuring to assist debtor after the completing of the relief measure.
Related Links (in Thai)
- Notification on Financial Assistance
- Circular on Financial Assistance (PDF)
- Notification on Guidelines on Debt Restructuring
- Guidelines (PDF)
Keywords: Asia Pacific, Thailand, Banking, COVID-19, Credit Risk, Loan Repayment, Debt Restructuring, Financial Assistance, BOT
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
Previous ArticleHKMA Urges Early Action for Adherence to IBOR Fallbacks Protocol
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)
The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.
The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.