On Sep. 27, 2025, Thai CB required commercial banks, group firms, specialized financial institutions to prepare a single combined report for both Phase 1 and Phase 2.
Then, they shall submit this report to Thai CB, instead of preparing separate reports, starting from the reporting period of Q3 2025 (data as of end of Sep. 2025).
The quarterly report shall be submitted in an Excel file via the electronic data submission system within one month from the end of the reporting period.
In the case of submitting the report on the due date, it must be submitted no later than 16:30hrs on the due date; where the due date falls on a non-working day, the report shall be submitted on the first working day following such non-working day.
On Dec. 11, Thai CB launched You Fight, We Help project, re debt.
Thai CB launched the You Fight, We Help project to address household debt and support vulnerable borrowers and SMEs; a collaboration between the Thai GVT, Thai CB, economic planning agencies, banking associations, and select non-bank operators.
Follows Thai CB Aug. 2024 adjusted relief measures to help debtors, see #221934.
Measures
Measures help borrowers with small-scale loans retain collateral, improve liquidity; to assist individuals with small non-performing loans (NPLs) to restore financial stability.
Under the program, the government and FIs will co-fund debt relief, each contributing 50%, while promoting financial discipline as well as preventing moral hazard.
Will cover borrowers from commercial banks, specialized FIs, certain non-bank subsidiaries, with additional support from other non-bank operators to follow.
Effectiveness
Registration for the program is open from Dec. 12, 2024 to Feb. 28, 2025.
Jan. 2025 Reporting Requirements
On Jan. 29, 2025, Thai CB issued reporting requirements for debt assistance above.
Required reports include the FISFI report for commercial banks, specialized financial institutions, and FICONSO report for commercial banks with financial business groups.
Excel file submission required and reports to be submitted via Data acquisition and publication (DAP) system; quarterly reporting frequency, first period Q1 2025 with data as of Mar. 2025; the submission deadline is within 1 month after quarter end.
Document dated Jan. 29, 2025, received from Thai CB Jan. 31, summarized on Feb. 4.
Feb. 2025 Non-Bank Assistance Measures
On Feb. 11, 2025, Thai GVT, Thai CB introduced debt relief program for non-bank financial service providers' debtors, aiming to support approximately 1.7mn debtors.
First assistance measure - reduced installments, reduced interest - lowers monthly installments by 30% for 3 years, reduces interest rates from 25% to 15%, covering auto loans, motorcycle loans, personal loans, digital loans, and nano-finance loans.
If debtors meet all repayment conditions, the reduced interest will be fully waived.
The second measure - pay, settle, finish - helps clear non-performing loans with balances of THB 5k or less by allowing partial payments to immediately settle debts.
Thai GVT has allocated a THB 50bn soft loan fund through Government Savings Bank, offering up to THB 5bn per lender and 2% annual interest subsidy for three years.
Feb. 2025 Guidelines Published
On Feb. 13, 2025, Thai CB issued Guidelines for assistance to retail debtors for non-bank financial service providers; relief program runs from Feb. 13 to Apr. 30, 2025.
May 2025 Debtor Assistance Data Report
On May 19, 2025, Thai CB requested non-bank financial service providers to report debtor assistance information under You Fight, We Help project, per specified format.
The debtor assistance information should be submitted via DAP on quarterly basis.
The submission deadline is within one month after quarter end; the first reporting period will be Q1 2025 using data as of Mar. 2025, to be reported within May 2025.
Jul. 2025 Comments on Phase 2
On Jul. 1, 2025, Thai CB, Thai GVT extended the registration period for the You Fight, We Help project until Sep. 30, 2025, to provide additional assistance to debtors.
Phase 2 adheres to the same principles as Phase 1, but has adjusted conditions of the original measures, added new measures to provide assistance more comprehensively.
Expanded scope to cover debtors with overdue payments of more than 365 days and debtors who have a prior history of delinquency less than the criteria under Phase 1.
Increased debt burden ceiling for individual debtors with non-performing loans (NPL) status; for unsecured loans, ceiling is expanded to no more than THB 10k per account, while for secured loans, the ceiling is expanded to no more than THB 30k per account.
New measure introduced for unsecured loans with outstanding debt not exceeding THB 50k per account and currently in NPL status; debt will be restructured into term loan, with monthly payments of 2% of the remaining principal for a period of 3 years.
Sep. 2025 Report Submission
On Sep. 27, 2025, Thai CB required commercial banks, group firms, specialized financial institutions to prepare a single combined report for both Phase 1 and Phase 2.
Then, they shall submit this report to Thai CB, instead of preparing separate reports, starting from the reporting period of Q3 2025 (data as of end of Sep. 2025).
The quarterly report shall be submitted in an Excel file via the electronic data submission system within one month from the end of the reporting period.
In the case of submitting the report on the due date, it must be submitted no later than 16:30hrs on the due date; where the due date falls on a non-working day, the report shall be submitted on the first working day following such non-working day.
