Get all your news in one place.
100's of premium titles.
One app.
Start reading
Bangkok Post
Bangkok Post
Business

Bad mortgage loans rise amid rate hikes

A woman walks past a booth for loans at a fair held in Bangkok. Pornprom Satrabhaya

Non-performing mortgage loans (NPLs) increased in the first quarter of this year due to rising interest rates, with the Bank of Thailand encouraging banks to help borrowers through debt restructuring.

The central bank on Monday reported an NPL ratio of 3.16% for housing loans in the commercial banking system, rising from 3.01% in the previous quarter. The increase is mainly due to rising interest rates, said Suwannee Jatsadasak, assistant governor at the Bank of Thailand.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.