The Bank of Thailand (BoT) has not detected any signs of a surge in non-performing loans (NPLs) after imposing various measures to support debtors as the economic activity is hit by coronavirus outbreaks, a senior official said on Thursday.
The central bank will also encourage banks, asset management companies and others bodies to set up a joint venture to manage bad assets, Suwannee Jatsadasak, senior director at the BoT, told a news conference.
While commercial banks remain strong with high levels of capital, reserves and liquidity, there is a need to provide flexibility for lenders and asset firms to jointly handle NPLs that may increase in future, she said.
