The total number of hoteliers affected by the Covid-19 pandemic applying for the central bank's asset warehousing scheme has declined thanks to the rebound in the tourism sector, according to an executive at the Bank of Thailand (BoT).
Banks posted lower non-performing loan (NPL) ratios in the third quarter this year thanks to the economic recovery and appropriate risk management under their debt relief programmes.
Thai banks' non-performing loans stood at 2.77% of total lending at the end of September, down from 2.88% at the end of June, helped by debt restructuring and banks' loan management, the central bank said on Monday.
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