Central bank warns of rising bad loans from credit card debt refinancing
The Governor of Bank of Thailand (BoT), Prasarn Trairatvorakul, suggested to the government to consider categorising credit card debtors for refinancing by state-owned banks with caution to prevent a rise in problem debts.
But the problem is that Thailand's banks must have efficient tools to monitor and categorise credit card debtors. Otherwise, it might lead to an increase in non-performing loans.
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