BoT loan schemes hit B300bn over 2 years
Listed banks report stagnant growth
Loan extension under the Bank of Thailand’s soft loan and recovery loan schemes for businesses affected by the pandemic has reached 300 billion baht since the launch of the programme in April 2020.
For the overall banking sector, loan growth was sluggish in the first quarter as a result of the impact of the Omicron variant.
The central bank kicked off the soft loan scheme with a total budget of 500 billion baht in April 2020 to alleviate the pandemic’s impact on business operators, especially small and medium-sized enterprises (SMEs).
The bank later adjusted the soft loan scheme to recovery loans to better serve borrowers.
According to central bank data, as of April 18 this year the total loan approvals under its soft loan and recovery…
