SME BANK stays on right track on loan provision

The Small and Medium Enterprise Development Bank of Thailand (SME Bank) approved over 33.6 billion THB worth of loans during the past 10 months, nearly doubling the amount released last year.

SME Bank spokesperson Wichaya Witheethum said that the 10-month figure was 99.96% higher than that approved in the same period of last year. The loans had benefited 7,282 entrepreneurs, complementing the government policy to provide urgent assistance to major industries of the country.

The SME Bank has been continuously providing financial assistance to the business sector in response to the Ministry’s policy since 2009.

President of the SME Bank Soros Sakornvisava stated the Bank, this year, aims to release more loans to the provinces, 64% of which were for small-scaled traders, in accordance with the government policy to stimulate the economy at the community level. (NNT)