Banking
Small and Medium Enterprise Bank of Thailand (SME) approves loans to 1,960 riot victims
A total of 1,960 business vendors whose businesses were destroyed in blazes set by anti-government protesters more than a week ago have received combined loans totalling Bt1.29 billion from the Small and Medium Enterprise Development Bank of Thailand (SME Bank).
The loans were granted to vendors under the ‘smePower for a New Better Day’ sponsored by the bank between May 26-29, said Soros Sakornvisava, managing director of SME Bank.
Under a programme to enable entrepreneurs whose businesses were destroyed in the May 19 fires in the wake of the government’s security operation against anti-government protesters to carry on with their businesses, SME Bank has set aside Bt5 billion to assist small vendors. No interest will be charged in the first year, but it will be 3 per cent the following year.
via SME Bank approves loans to 1,960 riot victims; Approval of new foreign firms down in May.
Banking
The Thai banking system remained resilient in Q3 2021 says BoT
The Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to serve an important role in assisting borrowers and accommodating loan demand to support economic recovery amidst uncertain COVID-19 situation, said Bank of Thailand latest press release.
The Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to serve an important role in assisting borrowers and accommodating loan demand to support economic recovery amidst uncertain COVID-19 situation, said Bank of Thailand latest press release.
(more…)Economics
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Economic growth rates in Asia-Pacific are broadly rebounding and debt burdens stabilizing, giving rise to a stable outlook for sovereign creditworthiness in 2022. Still, the pace of recovery differs vastly, and some economies will experience deep economic scarring, according to a new report by Moody’s Investors Service.
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