Debt Clinic ready to cure thousands

08.05.2019 - 19:12

BoT scheme pools unsecured bad loans

The Bank of Thailand expects tens of thousands of debtors who have defaulted to join its Debt Clinic, a scheme that pools unsecured bad loans owed to multiple creditors, covering 19 non-bank companies. Some 490,000 unsecured debtors owed at least two financial institutions a combined debt of 49 billion baht, qualifying for the Debt Clinic scheme, said central bank governor Veerathai Santiprabhob.

(Economy, Thailand)

Read the full article at bangkokpost.com

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