BANGKOK, Feb. 21 (Xinhua) Thailand central bank said on Monday that the country banking system recorded a 23.6 percent jump in net profit in 2021 to reach 18
The Bank of Thailand (BoT) left its key interest rate unchanged at a record low on Wednesday, seeking to maintain support for a fragile recovery in the economy amid efforts to revive the country's battered tourism sector and rising risks from inflation that has breached its target range.
The Bank of Thailand announced conditions to establish a joint venture asset management company (JV AMC) to support financial institutions managing bad debt for the long term as the pandemic persists.
The Bank of Thailand (BoT) has not detected any signs of a surge in non-performing loans (NPLs) after imposing various measures to support debtors as the economic activity is hit by coronavirus outbreaks, a senior official said on Thursday.
The Bank of Thailand (BoT) has allowed debt consolidation across financial institutions to help retail debtors pay lower interest rates, an official said on Monday, as policymakers try to ease the impact of coronavirus outbreaks.
Debtors can combine their unsecured debt with home loans at different banks, rather than at the same lenders as previously, Suwannee Jatsadasak, a senior director at the BoT, told a news conference.