SAM and KTC Partner to Address Thai Household Debt

On August 28, 2026, Sukhumvit Asset Management (SAM) announced a strategic partnership with Krungthai Card (KTC) to help manage non-performing loans (NPLs) in Thailand. According to Thai Post, the two organizations signed a Memorandum of Understanding (MOU) to integrate KTC’s delinquent accounts into the 'Debt Clinic by SAM' program.

This initiative specifically targets individuals struggling with unsecured debt, including credit cards, cash cards, and personal loans. Eligible participants can benefit from low interest rates ranging from 3% to 5%, with repayment terms extended up to a maximum of 10 years.

For residents and expatriates in Thailand, this development is significant as it reflects ongoing efforts by financial institutions to mitigate the impact of household debt on the broader economy. While this program offers a structured path for debt restructuring, it is important to note that eligibility is subject to specific criteria set by the program. Interested parties should verify their status directly with KTC or SAM to confirm if their specific debt profile qualifies for these terms. As of now, the long-term impact of this collaboration on national debt levels remains to be seen, and further details regarding the application process for individual debtors are expected to be managed through the respective institutions' official channels.