BoT offers borrowers debt holiday

BoT offers borrowers debt holiday

Most deferments to last until June

The Bank of Thailand has extended financial relief measures to individual borrowers until June this year, aiming to ease financial burdens stemming from a new round of the domestic Covid-19 outbreak.

Ronadol Numnonda, deputy governor for financial institutions stability, said the central bank has extended and added financial relief measures to both retail and commercial borrowers whose loan status remains classified as performing loans.

For retail borrowers, financial relief measures have been extended to June 30, 2021 after they had expired on Dec 31, 2020.

Under the extended relief measures for consumer finance products, the regulator allows financial institutions, including commercial banks, specialised financial institutions (SFIs) and…