Piti Tantakasem, Chief Executive of TMBThanachart Bank (ttb), insists that tackling high levels of household debt should be a priority on the national agenda. Piti made known that he is poised to tackle the issue, given his leading role within the household debt resolution team set up by the Thai Bankers’ Association (TBA).
Alongside the central bank and other pertinent parties, efforts are being made to introduce measures that will alleviate burgeoning domestic debt, reported Bangkok Post.
This follows the Bank of Thailand‘s decision to redefine its parameters for household debt, resulting in a surge to 16 trillion baht or equivalent to 90.6% of the country’s GDP. Essentially, the central bank now oversees almost 100% of the countrywide household debt due to this redefinition.
Piti is in favour of the central bank’s decision to…
