Bangkok Bank (BBL) expects non-performing loans (NPLs) for small and medium-sized enterprises (SMEs) to decline this quarter thanks to its proactive customer assistance and the Bank of Thailand’s debt relief measures.
While the Bank of Thailand’s debt relief measures for SME businesses expired on Oct 22, BBL has provided financial aid to SME customers with a credit line below 100 million baht on a case-by-case basis, in line with the central bank’s requirement.
BBL has also offered pre-emptive debt restriction instruments to SME clients. The bank has been able to adequately contain bad debts from SME businesses, said Virasak Sutanthavibul, senior executive vice-president.
With this scenario, BBL expects SME NPLs to decline this quarter from the third quarter.
The bank, however, needs to continue monitoring the situation closely amid the uneven economic recovery,…
