Sun, October 17, 2021


Exim Bank offers debt moratorium to help customers hit by Covid-19

Export-Import Bank of Thailand (Exim Bank) on Tuesday launched a debt moratorium measure to help customers living in red-, orange- and yellow-coded provinces in order to mitigate the Covid-19 impact.

This measure will enable customers in all industries to request for up to six months moratorium on principal debt, while customers in industries related to food processing, frozen seafood, fruits and vegetables can request for up to three months moratorium on interest debt.

"Customers can request for a moratorium via the website or contact bank officials until March 31 this year," Exim Bank President Pisit Serewiwattana said.

Pisit said the bank is closely monitoring the Covid-19 situation, adding the bank had granted debt moratorium to over 1,400 customers, totalling Bt36.85 million last year.

"This measure aims to relieve customers' sufferings due to the Covid-19 outbreak, such as material and labour shortage, increasing import and export costs and buyers' rejection of products," he added.

Published : January 12, 2021

By : The Nation