NPL Strategy: The Case of Thailand

Event: ADB-ECB Workshop on NPL Resolution in Asia and Europe

NPL Strategy: The Case of Thailand

10 February 2020
Author / Speaker: 
Tharith Panpiemras, Bank of Thailand
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Description: 

The presentation elaborated on initiatives such as multiple-creditor out-of-court workout schemes and public AMCs, taken by Thailand to resolve the debts. Among the many initiatives launched, the Corporate Debt Restructuring Advisory Committee was considered as key. The committee’s definitive timetable for restructuring, a warning letter, and a fine given by the Bank of Thailand to a non-compliant creditor was found to be effective in removing NPLs. Current NPL resolution measures, including public and private AMCs, debt clinics, and aid packages to small and medium-sized enterprises to handle household debts and expedite corporate restructuring, were also discussed.

Geographical Focus: 
Thailand
Type of Content: 
Learning Event

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