The Thai Bankers’ Association (TBA) has asked for an easing of the government’s amendment of the soft loan decree, which was aimed at facilitating better access to funding for small and medium-sized enterprises (SMEs).
The TBA submitted its proposal regarding the soft loan decree amendment and the asset warehousing model to the Bank of Thailand, which is working with the Finance Ministry to determine additional financial assistance measures for struggling SMEs and a tourism sector reeling from the pandemic, said Piti Tantakasem, chief executive at TMB-Thanachart Bank, a member of the TBA.
For the new soft loan scheme, the TBA proposed regulatory bodies ease three core conditions. It called for a longer loan maturity compared with the two-year duration embedded in the existing programme, while seeking a higher additional credit line offered to SMEs than the current…
