The Bank of Thailand will implement an amended guideline on responsible lending within this year to improve borrowers' debt repayment ability as a part of continued efforts to contain household debt.
The amended guideline will cover the full range of areas of household debt procedures, including before loan application, during the loan repayment period and in the case that the approved loan is classified as a non-performining loan (NPL), said governor Sethaput Suthiwartnarueput in a debt mediation event hosted by the Bank of Thailand yesterday.
Under the guideline amendment, the central bank will implement clearer regulations of responsible lending to supervise financial institutions.
