Thai Government-Government House News-Thai Bankers Association issues additional assistance guidelines. To reduce the interest burden for vulnerable groups, both individual customers and SMEs.

25/04/2024

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The Thai Bankers Association issues additional assistance guidelines. To reduce the interest burden for vulnerable groups, both individual customers and SMEs.

According to the representative bank of the Thai Bankers Association Had the opportunity to meet the Prime Minister. To exchange views on the current economic situation Household debt situation Including additional care and assistance to alleviate the suffering of those vulnerable groups.

Mr. Phayong Sriwanich, President of the Thai Bankers’ Association, revealed that on April 24, 2024, the Thai Bankers’ Association Board of Directors’ meeting realized and saw the need to issue additional assistance measures. For vulnerable customers while the economy has not yet fully recovered and not thorough By reducing the prime retail customer interest rate (MRR) by 0.25% for vulnerable customers. Both individual and SME customers for 6 months to reduce interest burden. and have the opportunity to recover and adapt, which is in the same direction as driving the government economy. that has both short-term measures to support the transition and economic restructuring measures in the medium and long term. In line with sustainable debt resolution measures. and responsible and fair lending (Responsible Lending) of the Bank of Thailand Member banks will expedite consideration of implementing the aforementioned principles. and prepare the work system To answer the needs of vulnerable customers of each bank in the appropriate context as quickly as possible.

However, as part of the large industrial sector in the financial and capital markets Thai Bankers Association and member banks Give importance to customer care and is aware of participation in social responsibility and wider stakeholders (Corporate Responsibility), which helps customers, citizens, and small entrepreneurs It still requires cooperation from other sectors in the economy. Including long-term measures to restructure the economy. To lead to competitive ability and creating sufficient and sustainable income