[ad_1]
According to the bank’s analysis of household debt, 2.1 million or 2.5 million accounts receivable are at risk in future debt repayment. It is concentrated in the northeast, the south, and along the northern border. While personal loans, home loans are the most worrying. But if the tourism sector can be restored This will help reduce the risk of debt.
The reporter reported that At the Bank of Thailand (BOT) 2020 Annual Symposium on the Subject of Looking Forward and Backward The Future of Thai Household Debt Prepared by the BOT, Puey Ungphakorn Institute of Economic Research, National Credit Information Company Limited, Siametrics Consulting Company Limited, stated that the state of the debt situation of the Thai people last July found that Thais have a high level of debt and a wide range of debt, with a third of Thais with a high level of debt , which in the last 10 years Thais have borrowed a wider range. And the average value of debt increased from 70,000 baht per person to 128,000 baht, while bad debt also increased. While studying household debt in the COVID-19 crisis, the researcher used credit information that was involved in relief measures. Between April and June it was found that there were 8.1 million accounts or a debt of 2.2 trillion baht (70% of the accounts reported by the BOT to enter the current measures). Most of them completed the measure for three months, while 16.6% left the measure three months earlier, indicating that the severity of the situation was not the same for each group of borrowers.
71% of borrowers have adopted a debt default measure, reflecting a problem with debt repayment, while 26% used a debt reduction measure and 3% took a loan measure . That is a bad loan (NPL) is a debt restructuring. Or the debt resolution clinic project Most borrowers who took action Concentrated in the Southeast AND 40-60% of borrowers were primarily personal loans, followed by home loans, while Bangkok and its suburbs, regions of the southern and upper northern regions had a proportion of measure for delinquency. Higher than other areas
For financial institutions that are lenders Non-financial (non-bank) service providers were found to have the highest proportion of loans entering the project, 37-75% of their portfolio loans. Most of them are installment loans. Which mainly requests a reduction in payment. It showed that non-bank debtors can be more vulnerable. Other financial institutions It can be seen that there are many accounts that take action AND there is a risk that the borrower will not be able to pay the debt. Especially in the group that asked to postpone paying the debt. And if COVID-19 is prolonged, the borrower still cannot pay the debt. It will affect the credit of financial institutions when considering the borrowers who have taken the measure, it was found that the majority High debt Central debt 500,000 baht per person, with 4-5 accounts or more.
Therefore, in July, when the measure of some credit aids was adopted, it was found that 2.1 million borrowers or 36.7% of the borrowers who entered the measure. But if it was the number of accounts requested to the measure, it was 3.4 million accounts or 44% of the accounts that entered the measure. Most of them are installment loans. And is a borrower in and around Bangkok More than any other region
In addition, the situation of household debt The researcher made a model. To predict debts that may have problems from COVID-19 it was found that if there is a resurgence in tourism it will help borrowers who are expected to have problems. Paying the debt is less. The normal situation is estimated that 2.1 million borrowers or 2.5 million accounts may have competition problems. In debt settlement And if there is a risk of a second outbreak that could lead to a second round of recession in the country, it could result in another stagnation of the economy. The borrower is expected to have a problem. Concentrated in the northeast, south, south and along the northern border Most of them are borrowers with personal loans, mortgage loans that are lent by financial institutions. You may need to be extra careful with this group of borrowers.
Read more …
