Although almost 3 years have passed, but the impact of the coronavirus new strain of covid-19 has not yet faded. It continues to leave a trail of “deep wounds” on the economy, with people, businesses and debtors never ending.
Many businesses have had to close due to the arrival of COVID-19. There are many debtors who are in a state of dilemma having an income gap that has not returned to normal. I have started having trouble paying off my debts. Unfortunately, some of them have already become “devaluations” of financial institutions.
Recently, the Bank of Thailand (BOT) released its third quarterly financial stability report for the year 2022, with interesting information from “Debt of Thai householdsespecially during COVID-19 found that the credit quality of commercial banks will also improve in each port, but it is still theredebtoraffected by COVID-19 in all types of financial institutions that have continued to accelerate
view from “statistics“Bad debt or non-performing loans (NPLs) past due more than 90 days, only debtors affected by unusual circumstances originating from COVID-19 Or we will call this group” Code 21 “. This group of “writedowns” continues to accelerate in both the number of debtors, the number of accounts and bad debt balance in 2022.
If you look at bad debts during the gen. In the past, there were only 1.9 million bad debtors from Covid-19, which increased to 2.1 million in the last quarter before increasing by leaps and bounds in June. to 2.9 million
In terms of bad debt, it jumped from 2.3 million accounts in January. to 2.7 million accounts and 4.3 million accounts
The value of bad loans outstanding in this group amounted to 200 billion baht in January and 220 billion baht in the first quarter, with a sharp increase to 400 billion baht at the end of the second quarter.
Opposite of “Debt of Thai households Today, the credit quality of commercial banks has continued to improve across every loan portfolio except auto loans in part due to debt restructuring and management Unlike debtors affected by Covid-19 which continues to accelerate.
This data clearly reflects that there are still many debtors who have not recovered from COVID-19. Still affected by Covid-19 which has been deeply rooted in the economy. If not urgent help Speed up the resolution of these debts There is no debt that these debts will return to aggravate the economy. aggravate long-term debtors
