SCB ready to extend relief to hospitality
Debt holiday scheme could be prolonged
Siam Commercial Bank (SCB) is ready to prolong its debt holiday programme for the hospitality business in case the Bank of Thailand does not extend its targeted debt relief measures due to expire in June.
The central bank implemented targeted debt moratorium measures in mid-October 2020 for small and medium-sized enterprises (SMEs) with a credit line below 100 million baht that had difficulty servicing existing debts.
The targeted measures are due to end on June 30 of this year. This only applies to targeted SMEs that cannot manage to repay loans to financial institutions because their business…
