Bangkok, March 20 -- Thai Deputy Prime Minister and Finance Minister Pichai Chunhavajira on March 18 said that a new asset management company (AMC) may be established in collaboration with banks to purchase people's debts.

Speaking to reporters before attending the weekly Cabinet meeting at Government House, Pichai said he will meet with the Thai Bankers' Association to discuss ways to address the household debt burden, which is seen as a key factor hampering economic growth.

Pichai explained that commercial banks typically manage non-performing loans (NPLs) through debt restructuring. However, over time, banks may find it unfeasible to continue restructuring these loans.

In such cases, a joint effort to establish an AMC would be a mor...