BBL extends Bt5 bn to affected SMEs
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Bangkok Bank allocates Bt5 billion as special loans to SMEs, offering Bt20 maximum loan to each at the interest rate of 5 per cent per annum in the first year.
The SMEs will be subjected to the minimum lending rate in the subsequent years. The maximum loan term is 5 years. Loan applications must be submitted now until Dec 30, 2011.
"For large-sized corporations, we will offer new repayment conditions, an interest rate cut or rescheduling. Emergency loans to ease liquidity problem are also available," said Suwan Thaensathit, senior executive vice president of the bank.
Individual clients are eligible to debt rescheduling and interest cut, as well as new loans for house fixing.
