The Finance Ministry and its partners have helped a total of 16,593 non-banking debtors saddled with illegally high interest rates refinance their debts so far, a senior official said on Sunday.
Pornchai Teeravej, director general of the Fiscal Policy Office (FPO), said that after the government stepped in to help debtors of non-banking loans settle their debt, the ministry’s special banks and private partners had approved refinancing worth 783.13 million baht.
The operation started on December 1 and as of August 14, 16,593 debtors have refinanced their loans with non-banking creditors, Pornchai said.
