The Bank of Thailand has added debt restructuring measures for entrepreneurs as the impact deepens from the third wave of the pandemic.
The central bank extended the debt moratorium term for small and medium-sized enterprises (SMEs) to December from June 30.
The measure is available for SMEs suffering from the economic downturn as a result of the third wave outbreak, including those that have stopped business operations.
The extension of the debt moratorium is available to SME borrowers on a case-by-case basis, depending on the creditor’s consideration.
The central bank also allows financial institutions to use their own definition for SMEs when providing debt restructuring to them. The Bank of Thailand’s former regulation limited financial aid to SMEs with credit lines of no more than 100 million baht.
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The central bank also…
