Over the past 12 years, the country’s household debt has increased significantly from 60% in 2010, peaking at 90% in 2021, mainly attributed to the impact of the pandemic.
The Bank of Thailand plans to implement new lending guidelines to prevent over-indebtedness of household borrowers, says Siritida Panomwon Na Ayudhya, assistant governor of payment systems policy and financial consumer protection group.
During a press conference and panel discussion programme entitled “Debt Clinic Relief” organised by Sukhumvit Asset Management Co (SAM) on Monday, Ms Siritida said rising bad debt among the Gen X and Gen Y age groups stemmed from many reasons. Firstly, it was…
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