BoT prolongs debt moratorium for SMEs


BoT prolongs debt moratorium for SMEs

Deadline pushed to next June for firms that have not fully recovered

Roong Mallikamas, assistant governor for financial stability and corporate strategy group, Bank of Thailand.

The Bank of Thailand has extended the debt moratorium period to next June for small and medium-sized enterprises (SMEs) with a credit line below 100 million baht and difficulty in servicing existing debts.

The extension period will end on June 30, 2021. The extension will only apply to targeted SMEs that cannot cope with repaying loans to financial institutions due to business operations not being fully recovered.

The central bank implemented debt relief measures on April 23 to help SMEs reeling from pandemic fallout, but the measures were…

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