
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.