Bangkok: It is expected that Social AMC will help at least 500,000 retail debtors. Kasikorn Research Center expects the Social AMC project "Quick Debt Settlement, Move Forward" to help at least 500,000 retail debtors.
According to Thai News Agency, the Bank of Thailand (BOT), the Ministry of Finance, and financial institutions are preparing to launch the "Quick Debt Settlement, Move Forward" project. This initiative will be implemented through Sukhumvit Asset Management Co., Ltd. (SAM), which will be transformed into a Social Asset Management Company (Social AMC). The project aims to address non-performing loans (NPLs) for retail debtors with unsecured debts of no more than 100,000 baht per case as of September 30, 2025, based on data from the National Credit Bureau Co., Ltd. (NCB). Additionally, measures to assist debtors of specialized financial institutions (SFIs) are being put in place through the sale and transfer of debts to Ari Asset Co., Ltd. (Ari-AMC).
Kasikorn Research Center views this project as an important step in assisting retail debtors and creditor financial institutions, including commercial banks and their financial business groups, to find solutions for their non-performing loan issues. The project aims to leverage remaining financial resources effectively, following the closure of the "You Fight, We Help" program. However, the center notes that helping debtors escape non-performing loans depends on their ability to repay debts, a condition tied to resolving financial problems and improving household incomes. There are currently over 2.8 million retail NPL accounts with other financial institutions undergoing or awaiting debt restructuring.
The report emphasizes that the success of debtor assistance relies on the process of monitoring and communicating with debtors to encourage restructuring. Based on government assumptions, the project is expected to successfully assist 30-50% of debtors, or approximately 500,000-800,000 individuals, in resolving their debt and returning to the system. This could reduce the debt burden of retail debtors in default by approximately 1.0-2.0% of the retail debt in the NCB household debt database. However, the overall impact on household debt is anticipated to be limited to around 0.1-0.2% of household debt.