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Thai banks' bad loans decrease as debt restructuring picks up pace

But late payments up as households, small businesses struggle in uneven recovery

Nonperforming loans in Thailand banks have fallen consistently throughout 2022.    © Reuters

BANGKOK -- Nonperforming loans held by Thai banks fell for a third consecutive quarter as banks continued debt restructuring measures amid a tentative economic recovery, the central bank announced on Monday.

The value of nonperforming loans -- those past due for over three months -- stood at 499.2 billion baht ($14.5 billion) at the end of December, decreasing from 502.7 billion baht in September. The ratio of nonperforming loans to total loans fell to 2.73%, compared with 2.98% at the end of 2021, as lending increased from the previous quarter. But annual loan growth was only 2.1%, decelerating from 6.5% in 2021.

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