Banks’ bad loans at 2.88%

Thai banks’ non-performing loans (NPLs) stood at 2.88% of complete lending on the finish of June, barely down from 2.93% on the finish of March, the Financial institution of Thailand (BoT) stated on Tuesday.

This was resulting from debt restructuring and banks’ mortgage administration, the central financial institution stated in an announcement.

The banking system remained resilient with excessive ranges of capital, loan-loss provisions, and liquidity, the BoT stated. Loans grew 6.3% within the second quarter from a 12 months earlier.