Conflicts in Middle East drive rise in loan defaults
The migration of special mention (SM) loans to non-performing loans (NPLs) rose in the second quarter of this year, driven by persistent conflicts in the Middle East.
The migration of special mention loans to non-performing loans increased in the second quarter, influenced by ongoing conflicts in the Middle East. As of April 4 and April 3, non-performing loans constituted 4% and 3% of total loans, respectively. On April 7, non-performing loans reached 7% of total loans. Throughout the period, non-performing loans totaled $58.2 million, which is 28.2% higher than the previous quarter.
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- Conflicts in Middle East drive rise in loan defaults bangkokpost.com
