Government Savings Bank (GSB) plans to grant a debt moratorium to 630,000 debtors worth a total of 6.3 billion baht to help people and businesses unable to service their debt because of the impact of the pandemic, according to a source who requested anonymity.
During the Covid-19 pandemic between 2020 and 2021, with major lockdowns causing mass layoffs, the state-owned GSB granted loans to low-income borrowers worth a total of 20 billion baht.
Customers were able to borrow up to 10,000 baht with a monthly interest rate of 0.35% and a grace period on the principal…
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