"loan"

The World Bank has ruled out bridging finance or new loan commitments to crisis-hit Sri Lanka until the nation’s economy sets up an adequate macroeconomic policy framework.

The Finance Ministry will this month borrow THB30 billion from certain commercial banks to boost liquidity of the Oil Fuel Fund, a senior ministry official said on Tuesday.

Commercial banks approved 289.3 billion baht in loans to over 120,000 people and nearly 300 businesses affected by the Covid-19 outbreak since it was first found in Thailand in early 2020, the Thai Bankers' Association reported on Thursday.

Collectius, the leading restructuring partner for financial institutions in Asia, has acquired US$80 million (2.6 billion baht) worth of non-performing loans (NPL) from Kiatnakin Phatra Bank in Thailand on January 23.

Thai Airways International (THAI) is planning to seek a new 25-billion-baht loan to pay off some of its debts ahead of the schedule set under the rehabilitation scheme.

The Government Savings Bank has reported a profit of Bt25 billion last year after providing Bt590 billion in loans during 2021 and reducing cost by Bt12 billion, its director said on Monday.

The government is now trying to balance both epidemic prevention and economic measures and if the epidemic situation worsens, at least THB250 billion will be borrowed under a special loan decree to tackle the crisis, Finance Minister Arkhom Termpittayapaisith said on Thursday.

Six people have been arrested by police of Cyber Crime Investigation Bureau (CCIB) which had launched an investigation on the website www.กู้เงินฉุกเฉิน.net (emergency loan) earlier this week, said Pol. Lt. Gen Kornchai Khlaikhleung, CCIB chief on Thursday.

Loans granted by the Bank for Agriculture and Agricultural Cooperatives (BAAC) during the first half of 2021 was the lowest in three to five years owing to low economic activity due to Covid-19.

Finance Minister Arkhom Termpittayapaisith presided over the signing ceremony of memorandum of understanding (MOU) on promotion of investment and financial services for Eastern Economic Corridor (EEC) development.

The Bank of Thailand (BOT) is testing three peer-to-peer (P2P) lending platforms under its regulatory sandbox and believes they should go into operation in the beginning of 2022.

Government Savings Bank (GSB) is offering emergency loans for people hit by flooding from storm Dianmu.