Thai household debt eases slightly as loan growth cools on curbs

Quick Summary:

Thailand’s household debt fell marginally in the second quarter as banks tightened lending to control bad loans and borrowers accelerated debt repayment amid the highest interest rate in a decade.

Thai banks have turned cautious in granting new loans, especially to finance automobile purchases, due to rising defaults.

The liability totalled 16.32 trillion baht ($507 billion), down from 16.36 trillion baht in the first quarter.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Highest Debt Loans Household Repayment Baht Quarter Banks Second

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 17:41:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 367 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22787396

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

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Year Established: 1946

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Publisher ID: #66

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