Bank of Thailand tells lenders to extend soft loans to SMEs
Bank of Thailand tells lenders to extend soft loans to SMEs — confirmed details at this stage for Phuket readers.
The Bank of Thailand on May 7 told commercial banks to extend soft loans to small and medium-sized businesses as firms brace for disruption linked to the Middle East crisis. The move, announced in Thailand and relevant to businesses in Phuket, aims to ease pressure on liquidity and borrowing access for SMEs facing rising uncertainty.
The central bank sent a formal letter to commercial lenders setting out the policy direction. It said banks should accelerate support so viable smaller businesses can continue operating through the current shock.
Central bank seeks faster credit support for smaller firms
The measure focuses on SMEs, a segment typically more exposed to sudden swings in fuel costs, transport charges and external demand. By using soft loans, the central bank is pushing lenders to offer financing on more supportive terms than standard commercial credit.
The source material did not specify the size of the lending programme, interest rates, repayment periods or eligibility thresholds. It identified the Middle East crisis as the trigger for the request and framed the action as a targeted effort to help SMEs manage the impact.
Source: https://www.matichon.co.th/economy/news_5708446
