SME Bank helps flood victims with fee waivers and debt relief

The SME Bank rushes to help SMEs affected by flooding in Chiang Rai, introducing measures to waive fees for 6 months and suspend debt payments for 3 installments. Mr. Sittikorn Direksunthon, Director and General Manager of the Small Industry Credit Guarantee Corporation (TCG), revealed that from the flood situation in Chiang Rai Province, the TCG is ready to provide urgent assistance to the victims to help the customers and debtors of the TCG to help alleviate the suffering of the victims through the crisis by suspending the payment of fees for 6 months for customers and suspending the payment of debt installments for 3 installments for debtors as follows: Measures to help customers of the SME Bank: 6-month suspension of payment of fees and guarantee management fees for SME customers of the SME Bank whose payment is due between 23 August and 31 October 2024 Measures to help debtors of the SME Bank: 3 installment payment breaks for SMEs, debtors of the SME Bank who are in the process of paying in installme nts according to the debt restructuring plan and are not in default, for the period from the date of approval until 30 September 2024. Source: Thai News Agency