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Bangkok Post
Bangkok Post
Business

GSB puts off bad loan lawsuits for 4 months

Government Savings Bank (GSB) has delayed its plan to file lawsuits against customers with non-performing loans (NPLs) for four months, giving them more time to seek ways to address the problem, says bank president Vitai Ratanakorn.

Mr Vitai said the customers who will benefit from this delay comprise 70,000 accounts.

During the delay, these customers can hold talks with the bank on debt restructuring deals.

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