Assistance for vulnerable debtors will be in line with debt-servicing ability, says official
Sukhumvit Asset Management Co (SAM) manages the Bank of Thailand-initiated debt clinic.
The Bank of Thailand will support vulnerable debtors to help them deal with the impact of rising interest rates, a deputy governor said on Tuesday.
Assistance will be available in line with debtors’ debt servicing ability, Ronadol Numnonda said at a news conference.
Later this month, the central bank will also issue guidelines to tackle household debt, including handling existing debt and offering new responsible lending, he said.
Some borrowers with combined debt of 12 billion baht had received support under a scheme…
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