Скачать или смотреть AMC Project: A New Year's Initiative to Ease Debt Burden and Improve Credit History

The debt problem in Thailand is a pressing issue that has caught the attention of many. The government has recently turned its focus on debt relief through the AMC (Asset Management Company) project. Mr. Ekinit Nitiprapha, Deputy Prime Minister and Minister of Finance, has expanded on the project's scope, aiming to address debt issues through the mechanism of purchasing individual debts from asset management companies. The project, titled "Close Debt Fast, Move On," is a collaborative effort between the Ministry of Finance, the Bank of Thailand (BOT), and financial institutions.
The project targets individual debtors with outstanding debt or NPLs (Non-Performing Loans), particularly those with unsecured loans of up to 100,000 Baht per person as of September 30, 2025. This group includes 1.2 million debtors (or 1.6 million accounts), and when combined with debtors from specialized financial institutions (SFI), the total number of debtors reaches 1.9 million, with a total outstanding debt of 53.2 billion Baht.
The project's timeline is as follows:
January 5, 2026: Debtors can start contacting their original creditors.
From February 2026 onwards: The asset management company, SAM (Sukhumvit Asset Management), or its designated representative, will begin contacting debtors to facilitate their participation in the "Close Debt Fast, Move On" project.
The highlight of the project is the opportunity for debtors to restructure their debt, including special repayment terms such as reduced principal, partial or full interest reduction, and more. This benefits debtors by improving their credit history in the Credit Bureau (NCB), and increasing their chances of accessing new credit more quickly.
SAM emphasizes that it will only purchase NPLs without collateral, such as credit cards and personal loans (and possibly some related debts that once had collateral). However, it will exclude car loans and Nano Finance loans with small-scale industry credit guarantee companies (BSY) as collateral, as these are considered secured loans.
The project's structure involves SAM purchasing or transferring the debts of individual debtors from their original creditors (such as banks or financial institutions), and restructuring the debt according to the debtor's repayment ability. The repayment period will not exceed 3 years. The process includes the following steps:
SAM will report code 26 (overdue for more than 90 days from the date of payment to the asset management company that purchased or received the debt) upon joining the project.
Once the debtor pays according to the project's terms, SAM will adjust the code to 16 (paying normally from the date of payment to the asset management company that purchased or received the debt) during the repayment period.
Upon completing full repayment, the code will be immediately adjusted to 11 (account closed), which is faster than the usual 3-year period required to reach this status under normal circumstances.
Additionally, if a debtor can fully settle their debt in one go, their credit bureau code will change from 26 to 11 (normal account) immediately, as there is no need for repayment. However, if a debtor participating in the project defaults on their payments, they will retain their previous debt-default status.
Mr. Ekinit further revealed that this project is a one-time initiative to help Thais in need, and it will not be repeated to avoid creating a moral hazard and encouraging financial irresponsibility among debtors. The project also aims to encourage debtors to repay their debts and maintain financial discipline.
Furthermore, there are plans to extend debt relief to farmers. Mr. Ekinit has discussed the possibility of an AMC for farmers with the Bank for Agriculture and Agricultural Cooperatives (BAAC), and believes it will benefit a large number of farmers. This idea is still under discussion and may be implemented in the coming year, so it's worth keeping an eye on its progress.