Exim Bank reveals that it has helped 4 airlines with a budget of more than 2,200 million baht, confirming that it is ready to help all customers

Exim Bank reveals that it has helped 4 airlines with a budget of more than 2,200 million baht, confirming that it is ready to help all customers

Mr. Rak Worakitpokathorn Managing Director Export-Import Bank of Thailand (Exim Bank) Revealed the plan to help the airline business that according to Mr. Arkhom Fill Pittayapaisith Minister of Finance has given the policy to Exim Bank to focus on helping upstream businesses To be something that will build confidence for tourists to come back. Because airlines are considered to bring foreign tourists into Thailand, which is considered 1 in 5 of the country’s gross domestic product (GDP) to recover the economy, the bank has already helped 4 airlines. Flying with a total amount of more than 2,200 million baht

Mr Rak said that there are still two other airlines who have contacted the bank to ask for help from the bank. In total, the bank has helped more than 6 airlines out of 8 airlines. The assistance will not be a low interest loan (Soft Loan), but Exim Bank helps airlines according to their needs. Need help for each airline which ensures that the bank can maintain the airline on the spot

Mr Rak said that for helping the airline is to provide loans to maintain employment. Including providing loans to support the business. Both the suspension of principal and interest payments, or some people are able to pay off the debt. It also allows repayment at a lenient rate. Exim Bank estimates that in the 4th quarter, business will resume as usual. Or as late as the first quarter of 2022, it will allow the airline to resume business as before. Exim Bank has taken care of the airline like a debt doctor. To nourish the airline to survive until December 2021

” Four airlines received assistance from Exim Bank with a total amount of 2,200 million baht. Some airlines may receive a higher credit limit than Softlone. Bank of Thailand (BOT) and some people may receive a lower limit as appropriate. Which is what we call Exim’s debt doctor, where we take care of customers who are experiencing problems during the covids. Customers can walk in and ask for help from the bank. We are ready to help every customer,” said Mr. Rak.

Mr Rak said that the other two airlines that have Contacted the bank to ask for help from the latest bank, Exim Bank is considering helping. In which 1 new customer, Exim Bank has already given pain relief pills. which help not considered based on the original performance But the bank considers its future action plans. to be a collateral structure