GSB signs MoU with banks for SME loans
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The Government Savings Bank Monday signed a memorandum of understanding with 19 banks to extend a second tranche of soft loans totalling Bt50 billion to provide small and medium-sized enterprises with working capital.
Chatchai Payuhanaveechai, president of GSB, said that according to a new condition soft loans would be reduced to a maximum of Bt10 million from no more than Bt50 million earlier. The move is expected to help 10,000 SMEs.
About 70 per cent of the first tranche of Bt100 billion in soft loans was extended to SMEs in Bangkok and its vicinities and about 30 per cent went to SMEs in the provinces.
