BOT Offers Additional Support to Debtors Amid Pandemic
The Bank of Thailand (BOT) published additional measures to promote support for debtors affected by the COVID-19 pandemic. These measures include maintenance of liquidity for small and medium-size enterprises (SMEs) and retail debtors, revision of loan rehabilitation guidelines for SMEs, extension of credit limit and repayment period of digital personal loans, and assisting debtors through long-term debt restructuring. In addition, BOT and the Thai Bankers Association have agreed on measures to improve loan restructuring for long-term debtors amid the COVID-19 pandemic. Furthermore, BOT, Ministry of Finance Small Industry Credit Guarantee Corporation (TCG), the Association of State Financial Institutions, and the Thai Bankers' Association have jointly established "Debt Doctor Project for the People" as a channel to provide advice, knowledge, and useful information for solving debt problems in a comprehensive way.
Related Links (in Thai)
- Press Release on Additional Relief Measures
- Press Release on Measures to Assist Debtors
- Press Release on Debt Doctor Project
Keywords: Asia Pacific, Thailand, Banking, COVID-19, Credit Risk, Debt Restructuring, Loan Repayment, BOT
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