Banks promise unlimited assistance

WEDNESDAY, OCTOBER 19, 2011
Banks promise unlimited assistance

Thai Bankers Association promises an unlimited amount of financial assistance to bank clients affected by the disastrous floods.


 In a statement released today, the association insisted that the assistance is through debt rescheduling, a cut in principal, and a cut in interest rates to as low as zero per cent.
 "Yet, this depends on the actual severity of the problems of each client," it said. On Finance Minister Thirachai Phuvanatnaranubala's notion yesterday that he was disappointed with commercial banks' relief measures, the association insisted that its members have successively extended financial assistance to affected clients for their quick recovery.