NESDC warns of rising SMLs and household debt risks

Prachachat•Economy•2d ago

Reader Briefing

The NESDC reports a rise in special mention loans (SMLs) and continuous growth in personal and housing loans as of Q1 2026.

•Household debt reached 16.41 trillion baht in Q1 2026, accounting for 85.9% of GDP.
•Personal and housing loans have shown continuous growth for two quarters.
•SMLs with 31-90 days overdue have increased despite a slight decrease in overall NPLs.
•Only 15% of NPL debtors in government assistance programs have returned to normal payment status.

•Total household debt in Q1 2026 was 16.41 trillion baht, representing 85.9% of GDP, a slight decrease from 86.7% in the previous quarter.
•Personal loans grew to 4.82% in Q1 2026, up from 3.87% and 4.34% in Q3 and Q4 2025 respectively.
•Housing loans grew by 1.73% in Q1 2026, higher than the 1.61% and 1.63% recorded in Q3 and Q4 2025.
•Danucha Pichayanan noted that while total NPLs decreased, SMLs overdue by 31-90 days increased, requiring monitoring to prevent them from becoming NPLs.
•Between 2019-2025, only 15% of the 23% of NPL debtors who entered assistance programs like the Debt Clinic and Khun Su Rao Chuay could resume normal payments.
•Danucha Pichayanan stated that 85% of those debtors still face payment problems due to measure limitations and unrecovered income.
•Danucha Pichayanan suggested adjusting assistance measures to focus more on individual cases.

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Danucha Pichayanan

"Debtors who participated in government assistance measures are still unable to return to making debt payments."

ลูกหนี้ที่เข้าร่วมมาตรการช่วยเหลือของภาครัฐ ยังไม่สามารถกลับมาชำระหนี้ได้

Danucha Pichayanan(ดนุชา พิชยนันท์)

Secretary-General of the National Economic and Social Development Council.

NESDC(สศช.)

The National Economic and Social Development Council, also known as Sapphat.

National Economic and Social Development Council(สภาพัฒนาการเศรษฐกิจและสังคมแห่งชาติ)

The government agency responsible for economic and social development planning.

Debt Clinic(คลินิกแก้หนี้)

A government assistance program for debtors to resolve debt issues.

Khun Su Rao Chuay(คุณสู้ เราช่วย)

A government assistance program aimed at helping debtors.