Economy
Bank of Thailand Extended Asset and Debt Suspension Program Until the End of 2025
InfoQuest
Key Points
- The Bank of Thailand extended the asset buyback process until 31 December 2025.
- The decision was made to support businesses affected by the Covid-19 pandemic.
- The said debt and asset suspension program was first launched in 2021.
By the Numbers
31 December 2025 deadline2021 start year
The Bank of Thailand (BOT) has extended the duration of the asset and debt suspension program, which was launched to provide support to businesses adversely affected by the Covid-19 pandemic. It was decided that asset buyback transactions within the scope of the said program will continue until 31 December 2025.
This decision, announced by Bank President Vithit Ratanakorn, aims to create an additional breathing space for entrepreneurs who have been exposed to the devastating economic effects of the pandemic. Initially launched in 2021, this support project aims to alleviate the financial obligations of businesses in distress.
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Frequently Asked Questions
- What is the new end date of the asset and debt suspension program?
- The Bank of Thailand announced that the program will be valid until 31 December 2025.
- What is the main purpose of the said program?
- The program was established to provide financial support and breathing space for businesses adversely affected by the Covid-19 pandemic.
- When was the program first launched?
- The Bank of Thailand's support project was first launched in 2021.
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