The state-owned Thai Credit Guarantee Corporation (TCG) yesterday announced its performance during the first six months of this year, with the agency guaranteeing loans for small and medium-sized enterprises (SMEs) worth 67.9 billion baht, representing 72% of its annual target.
In the second half of this year, TCG is expected to be able to continuously extend credit guarantees to achieve its annual target of 95 billion baht. Of the total SMEs to have applied for a loan guarantee, 40% are based in Bangkok, while the remainder are located in other provinces.
Non-performing credit guarantees (NPGs) account for around 7% of the outstanding credit guarantee amount of 800 billion baht at present, down from 10% during the pandemic due to a larger TCG portfolio.
TCG reviewed its credit guarantee policy as well as its credit risk management policy to ensure an…
