Thai central bank says sharp rise in bad loans is unlikely

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BANGKOK (Reuters) – Thailand’s central bank said on Friday it did not expect a surge in NPLs due to debt relief measures to help debtors cope with the impact of coronavirus epidemics.

Given the country’s vaccine rollout and reopening plans, a rapid recovery in economic activity will also help prevent the surge in bad debts, Vice Governor Ronadol Numonda said in a briefing.

(Reporting by Orathai Sriring, Kitiphong Thaichareon, Satawasin Staporncharnchai; editing by Ed Davies)

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