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Wednesday, March 29, 2023

SFIs urged to assist ailing borrowers

Finance Minister Arkhom Termpittayapaisith has ordered specialised financial institutions (SFIs) to assist borrowers after the first phase of debt relief measures ended on Thursday.

The minister is also vying to adjust soft loan conditions to assist struggling small and medium-sized enterprises (SMEs).

Despite the government easing lockdown measures and allowing the entry of the first group of Chinese visitors via the special tourist visa, the pandemic remains rampant across the globe, causing the Thai economy to struggle, Mr Arkhom said.

SFIs should assist borrowers after the broad-based debt relief measures ended recently, he said.

In the formal banking system, borrowers entering the debt suspension programme total 12.1 million, with combined loans of 6.9 trillion baht. Of the total, 6.57 million are identified as SFI borrowers with combined loans of 2.89…

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