Financial assistance to flood victims valued at Bt626.25bn
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Total value of financial assistance extended to individual victims and companies affected by the flood disaster at end-January totalled Bt626.25 billion, or 7.23 per cent of outstanding credit, according to the Bank of Thailand.
Of all winning such assistance from 41 financial institutions were 20,256 companies and 903,889 individuals.
However, in term of value, a combined amount of Bt461.20 billion covered companies. Of total assistance to individuals, 80 per cent involved housing and hire-purchase loans.
The assistance covered new loans as well as existing loans of which conditions were relaxed to help flood victims.
The central bank also announced that during October 1, 2011 and February 29, 2012, it received 199 complaints, asking for coordination with financial institutions on extension of debt payment periods and reduction of interest rates and fee. Of total, 167 cases have been solved.
