Showing 1 - 10 of 49
Call for action on real estate loans
Business, Wichit Chantanusornsiri, Published on 28/05/2024
» The National Economic and Social Development Council (NESDC), the state planning unit, has urged financial institutions to adopt proactive policies in restructuring real estate loans following a sharp rise in the rate of non-performing loans (NPLs) for this type of credit.
BAAC union queries lending capacity
Wichit Chantanusornsiri, Published on 18/04/2024
» The labour union of the Bank for Agriculture and Agricultural Cooperatives (BAAC) is seeking legal opinions about whether the government can borrow from the state-owned bank to support its costly digital wallet handout.
‘No reason’ to resist rate cut, says finance official
Wichit Chantanusornsiri, Published on 22/03/2024
» The Bank of Thailand no longer has any reason to refrain from reducing its policy interest rate, says a senior official of the Ministry of Finance.
BAAC pledges to solidify its financial status
Business, Wichit Chantanusornsiri, Published on 05/03/2024
» The Bank for Agriculture and Agricultural Cooperatives (BAAC) has committed to solidifying its financial status, aiming to provide continued support to farmers and cap its non-performing loans (NPLs) at 4% this year.
Thai Credit Guarantee Corporation sets B115.6bn loan guarantee target
Business, Wichit Chantanusornsiri, Published on 15/02/2024
» Thai Credit Guarantee Corporation (TCG) has set a loan guarantee target of 115.6 billion baht for this year, up from 95 billion last year, while aiming to reduce the non-performing credit guarantees (NPGs) of 12,000 small and medium-sized enterprises (SMEs), says general manager Sittikorn Direksoonthorn.
Digging out of debt
Business, Wichit Chantanusornsiri, Published on 28/12/2023
» Prime Minister Srettha Thavisin has declared dealing with informal debt and the problems it creates a national priority, likening the situation to a form of modern-day slavery.
TCG bests guarantee target for the year
Business, Wichit Chantanusornsiri, Published on 23/12/2023
» Thai Credit Guarantee Corporation (TCG) reported for the first 11 months of this year, the loan guarantee service for micro, small and medium-sized enterprises (MSMEs) was worth 108 billion baht, exceeding the target set for the entire year by 14%, says general manager Sittikorn Direksoonthorn.
Srettha sets timeline for new state policies
Business, Wichit Chantanusornsiri, Published on 24/11/2023
» Prime Minister Srettha Thavisin has set a schedule for pressing economic issues related to agriculture, industry, and debt problems, including both formal loans and loan sharks.
GSB issues green loans worth B27bn
Business, Wichit Chantanusornsiri, Published on 24/10/2023
» Government Savings Bank (GSB) has issued green loans worth 27 billion baht, ranging from personal loans to business loans, says senior executive vice-president Noppawan Ratanawekin.
GSB uses ESG scores for loans to large firms
Business, Wichit Chantanusornsiri, Published on 24/07/2023
» The Government Savings Bank (GSB) has started to use environmental, social and governance (ESG) scoring in the process of considering loans to large businesses with a credit limit of 500 million baht or more, said president and chief executive Vitai Ratanakorn.