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Credit-card NPLs with state banks to get 50% write-down.
Byline: Wichit Chantanusornsiri
Oct. 6--Small debtors of state banks whose credit-card or personal loans have turned sour will get relief in the form of a 50 percent reduction of their outstanding debts, according to M.R. Pridiyathorn Devakula, the governor of the Bank of Thailand.
The other half must be repaid over six months. If the debtors still fail to repay the balance in full, the original amount will apply.
The exemption, however, will apply only to personal debts that have already been transferred to state asset management companies owned by the central bank's Financial Institutions Development Fund. It also does not apply to housing or ...
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