Vice-president of the Federation of Thai Industries (FTI), Apichit Prasoprat, says that the FTI is currently in discussions with the Finance Ministry to coordinate with commercial banks and state agencies to expedite the resolution of debts for medium and small-sized businesses, which were previously considered good debtors but have faced liquidity problems due to the impact of Covid-19, resulting in overdue debts of more than 90 days.
These debtors have been categorised as “Code 21” by the National Credit Bureau and include 12,898 members of the FTI. Their total accumulated debt amounts to more than 61 billion baht, with 36 billion baht owed to commercial banks and the rest to state financial institutions.
Many businesses are heading towards having their debt classified as non-performing loans (NPLs), and if this situation is left unresolved, might have to shut down by the end…
