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.
In the second quarter of the year, the number of special mention loans turning into non-performing loans increased due to ongoing conflicts in the Middle East. This trend was evident in the periods of April 4 and April 3, where loan defaults rose significantly. By July 7, the situation had worsened further, with percentages indicating a higher proportion of non-performing loans compared to previous months.
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- Conflicts in Middle East drive rise in loan defaults bangkokpost.com
