Thai banks’ non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end of September, helped by debt restructuring, the central bank said on Monday.
The banking system remained strong with high levels of capital, loan-loss provisions and liquidity and was able to support the economic recovery and future lending, the Bank of Thailand (BoT) said in a statement.
Bad loans are likely to increase but not sharply, while existing debt measures are sufficient to support vulnerable groups, assistant central bank governor Suwannee Jatsadasak told a news conference.
The BoT will continue to monitor the debt servicing of households, which remained fragile, and the recovery of some business groups, the BoT said.
Loans grew 2.1% in 2022,…
