Thursday, January 23, 2020

Bangkok Bank offers help to people affected by tropical storms, floods

Sep 11. 2019
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By The Nation

Bangkok Bank is helping customers hit by “Podul” and “Kajiki” tropical storms in the North, Northeast, Central and South of Thailand by issuing measures to ease repayment conditions, enhance short-term liquidity and providing additional credit support to customers directly or indirectly affected by floods. Bank officials have also visited flood victims to provide them with advice.


Suvarn Thansathit, director and senior executive vice president of the bank, said Bangkok Bank has implemented measures to provide additional credit support for borrowers of business and personal loans by appointing staff to visit and provide advice to customers so they can get through this hard time and continue their businesses. 

For people who have taken business loans, the bank is easing debt-repayment conditions, lowering interest rates, restructuring debt and waiving interest charges for defaulters. The bank is also providing additional loans for small and medium-sized enterprises (SMEs) under the “Bualuang SME eases the burden for customers affected by floods in 2019” project by giving them short-term liquidity of up to Bt20 million at a minimum lending rate of minus 1 per cent per annum. The bank will consider cases on an individual basis. 

The bank is also offering emergency loans to corporate customers. 

“The bank is ready to provide ongoing assistance after the floods by considering each customer’s circumstances and hardship in order to offer the best solution. Customers can contact our business centres and branches to get more information on the measures or apply for assistance,” Suvarn said.

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