The BOT stressed that the loan amount is not expandable and the banks will have to use their own supports is to excellent amounts.
Commercial and state-owned specialized banks have told Bank of Thailand, or BOT, of the amount of allowance they that they will be gift in the form of low-interest loans to their customers who were affected by final year's national flooding.
Assistant Governor for Financial Markets Operations Group at the middle bank, Pongpen Ruengvirayudh mentioned the complete loan amount requested by both blurb and state-owned banks exceeded 300 billion baht.
She updated that the complete amount available, however, is 210 billion. The supports will be distributed by the middle bank and allocated to any bank as it sees fit, with a limit limit determined by the stately decree.
Pongpen asserted that the banks should be able to casing the excellent amount themselves.
The soft-loan module was launched beneath a of the 4 senior manager loan decrees connected to inundate recovery.
The loans are released to blurb and state-owned banks at a 0.01-percent fascination rate so that the banks can offer loans to their flood-stricken customers with a limit fascination rate of 3 percent and a 30-year settlement term.
Eligible customers contingency be people or SME businesses in areas that were spoken catastrophe zones. The loans are being capped at 30 million baht for SME customers and a million baht for individuals.