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Bank of Thailand Reveals Bad Debts in COVID Era This is lower than the 40-25% crisis, indicating that the COVID era debt problem is not bad. The interest base encourages people to regain strength. Ready to Manage Select a group of clients to join the debt service efforts.
Mr. Chatchai Sirilai, Managing Director of the Government Housing Bank (GHB), revealed that the credit in the Bank’s system. 100% is mortgage loan The average price level of 5 million baht, which has a total portfolio of 1.3 trillion baht, during which the COVID-19 Epidemic situation The bank has issued more than 10 measures to help the clients, with more than 6,800 thousand accounts, worth more than 57 billion baht, of which two thirds of the clients in the Bank’s portfolio. Those who enter the bank’s rescue process remain healthy customers, and only a third of the start of the port may be unhealthy.
“Learn from the fact that When entering the situation of social distancing, everyone is open to the customer to take all measures. Not knowing that he was affected or not Make customers enter more than 5.7 billion baht, which is the bank’s fifth measure or moratorium on principal and interest. For clients with debts of up to 3 million baht, ending last August. More than 1.8 billion baht have been served by clients. In the last 2 months, the group has requested to enter the measure to pay off the debt of another 3 months, 100,000 people and the remaining 80,000 million baht who did not participate in the measures. Under that number At the end of last month There are clients who get up to pay debts of 7.6 billion baht, 9 billion baht has a problem ”.
By the amount of 9 billion baht, the problem is divided into 4 billion baht, it is part of the payment, and the remaining 5 billion baht, the non-payment of the debt is only 10%, that half you can still pay but not in full installments. Originally, the bank had forecast 25% of the problem, compared to 1907, where delinquencies were 25%.
“In the opinion of the Bank. Seeing that the debt problem is not as serious as you think AND the interest environment Unlike in 1997, when the interest on the mortgage loan was 12%, we could not afford to buy a house. But right now the interest is only 3%, the low interest base is conducive to the increase. To get back to being healthy again, and at the same time see that when the COVID situation improved If they do not lose heart before everyone recovers, only the bank should help customers as well. “
Mr. Chatchai said that if the client has really suffered, the bank is willing to help pay the debt for another two years, but if it is a safe haven client, it may need to be reconsidered. That is why the Bank has 10 measures to take care of its customers. Like the bank has 10 refrigerators, each refrigerator cannot be unplugged, so the impact on the bank’s balance is acceptable. At the same time, if the debt suspension measure ends It is as if a fire is going out throughout the house. All items in the refrigerator will be affected, so fewer than 10 refrigerators will need to be partially opened. Those who are still strong and able to move, leave. As for those who are not yet healthy It will be adjusted from closet 1 to put in closet 2 where everything can be managed.
“I think everything depends on the management. If you are wondering whether extending the suspension period for another 2 years or not is equal to stretching the cliff for another 4 months, I think such an idea should not be born. The debtor and the bank itself must see that I want to go back and run as before As when I broke my leg. It may not run the same when the albino’s leg is removed. But in the end, you can walk backwards as before, so if the debtor wants the debt to be the same again, the bank has already helped you. And that said, the bank’s strength will have a package to extend the moratorium. It is moving the cliff for another 4 months, I think it is not likely in that situation. But by asking if the bank is strong enough to help, the bank will help and help as much as possible. “
While the past has numbers from the credit bureaus That the delinquency of the house began to accelerate Even if the debt of the house should be the last debt to lose And spread over people without money to pay the debt of the house When finally entering to the confiscation process It will extend to the price of the property. Is it an understanding of whether to move or not? Mr. Chatchai said that last year the BOT issued a measure to maintain the stability of financial institutions. The market has adjusted. The story said there will be more bad debts on the house than usual. I am already in debt Considering that this is not true, because the Bank of Thailand can lend more than 1.49 billion baht in recent loans, the delinquent birth rate is not unusual. Despite having 10 supervisory measures
“The appearance of bad loans was not due to the client’s lack of ability to pay off the debt. But the effects of COVID And what the Bank of Thailand debuted 18 months ago has already reviewed the idea of buying a home further.While the problem of mortgage loans did not pass, is it because the little birds make their nests, but are they enough? Have you applied for too much credit for your ability? The bank wants to lend as requested. But you should also consider suitability “
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