A deserted street in Silom Soi 4, Bangkok. Bloomberg
The Bank of Thailand (BoT) is concerned with the expected higher number of non-performing loans (NPLs) of tourism-related businesses in the second quarter of this year because of the the third wave of Covid-19.
Both the BoT and financial institutions are concerned about rising NPLs in the tourism sector and tourism-related businesses, including aviation, transportation, and restaurants, which are suffering from the severe outbreak.
The central bank has been closely monitoring these industries and it is ready to offer financial assistance if necessary, said BoT senior director for regulatory policy department 2, Suwannee Jatsadasak.
The central bank announced that the commercial banking sector’s NPL ratio or stage 3 loans, which is classified under…
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