When S&P Global Ratings lowered its ratings on four of Thailand’s leading banks on March 21, 2022, the Bank of Thailand’s (BOT’s) deputy governor Ronadol Numnonda was quick to issue a statement. He pointed out that S&P had “noted that the outlooks on these banks are stable given that they are well-capitalised with high level of loan loss provision”.
Mr Numnonda, with more than a decade of experience in banking sector supervision, was appointed BOT deputy governor in charge of financial institutions stability in 2018. In an interview with The Banker, he shared his views on household debt, rising levels of non-performing loan (NPLs) and other challenges faced by Thailand’s banking system.
