The National Credit Bureau in Thailand has warned of a potential 610 billion baht in housing loans turning into bad debts, mainly affecting low and middle-income earners. Thailand's household debt, standing at 16.2 trillion baht, poses a significant risk to the economy, with one trillion baht in non-performing loans. The automobile industry is experiencing a 12.46% drop in car sales due to increasing household debt and stricter loan criteria by commercial banks. CEO Surapol Opasatien highlighted signs indicating that a significant portion of mortgages, particularly those for houses valued at 3 million baht or less, could become non-performing loans. Without urgent government assistance, the loans may significantly impact Thailand's economy in the future. (ICE BANGKOK)

Fonte notizia: Thailand Business News