New wave of COVID-19 outbreak affects debtors in the system. Causing both public and private financial institutions Must provide ongoing assistance measures By allowing the debtor to exercise the right to moratorium on different terms of each bank.
The Government Savings Bank expects that the bank’s debtors will join the new program to help debtors affected by the COVID-19, both for debtors in 28 red provinces. And receivables nationwide, about 30% of the customer base of about 5 million, or about 1.5 million.
In addition to the debt settlement project GSB has also released liquidity measures through the foundation fueling loan project with a limit of 10 billion baht, expected to attract 2-3 hundred thousand customers and SME loans. An additional 5 billion baht expansion of the “money place” is expected to help thousands of liquidity SME customers.
Withai Rattanakorn, Director of Government Savings Bank Clarified in detail that the first measure will help existing customers located in 28 risky provinces, approximately 1.9 million accounts, or general customers, that is, if there is a problem with debt repayment, can contact for help. But this round of measures will be considered individually It’s different from last year that we did the whole country. With the suspension of principal debt, interest Where customers can choose whether to contact the bank Or choose how to pay Through the MyMo application
Second measure Providing liquidity supplement If an individual is an individual, there will be a foundation power loan with a credit limit of 50,000 baht, interest 0.35% per annum, no guarantor or collateral required, with a credit limit of 10 billion baht, and can apply until the end of June 2021. The MyMo application as well.
Third measure Enhancing liquidity for SMEs through the Yes Funds Program. The borrower can take the assets as collateral for 70% of the securities value. Have a 3-year repayment period without analysis of income, with a credit limit of 5 billion baht.
Vithai said that if the COVID-19 situation continues to persist, the Government Savings Bank and State Bank Ready to help By issuing additional measures State bank status and liquidity is not a problem. Enough support
“We have no liquidity problems and have a strong financial position that can help our debtors and the public. Measures we come out on a monthly basis. Therefore, if the situation becomes more severe We may be able to expand the program or have new measures, such as the measures we took out for the 28 provinces we left last week. More than 100,000 people have reported their wishes through mobile banking. “
Chatchai Sirilai, Manager of the Government Housing Bank (GHB), said that in the past, the Bank has issued 10 measures according to the weight of the problem, with customers entering the project with a debt of 5.4 billion baht. Big, out of measure or already strong But there are still other groups that are still in the project with a debt of 1.39 billion baht
In this round, the bank has issued measures for all customer groups: 100% of the annuity that has previously been paid, can be paid according to the capacity of 25%, 50% and 75% of the annuity. Making it not a burden per month And the principal debt will be reduced Registration via the bank application is available from January 15, 2021 onwards.
The Bank of Thailand assesses customers who are in the measure, there will be a vulnerable group that extends its assistance throughout Expected to enter the measure approximately 7 thousand million baht. At the same time, customers who have entered the office and passed the measures But not strong enough It is expected to enter measures approximately 50 billion baht and groups that have never been affected are expected to enter measures approximately 50 billion baht. Total about 2 hundred billion baht
Bank Mint, Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), said that BAAC currently handles more than 600,000 households, which are loan clients and 4.2 million households are active, among which there are 3.2 million people who owed debt before April 1, 2020, totaling 1.1 trillion baht, has been suspended for one year.
At the same time, there are still nearly 1 million borrowers who have not yet entered aid measures, so if they are affected, they can contact for help. BAAC has 1-year principal debt suspension for small farmers and 6 months for SMEs. You can contact to register through the application or through the bank’s line. Once registered The bank will contact you within 7 working days.
“The burden that we take care of the debt moratorium for 1 year onwards, we have had employees visit farmers to see their status when visiting. We will know the potential to continue or not. Will have a part That still has potential And we have a project to pay well with return We return the interest 20%, not more than 5 thousand baht per person, if it is a group of farmers, it will return 10% but not more than 50,000 baht with a budget of 3 billion baht, starting from the beginning of the year to March 31. “
As for the addition of liquidity BAAC has a loan program for farmers, new customers, another 70 billion baht with 4% interest-free and interest rates in the first 3 months, while the new generation loans are prepared for another 60 billion baht and another one hundred thousand old customers. Million baht
In the agricultural sector, we intend to meet everyone to take care that Potential people can also join the project. But if people in trouble take care of debt restructuring or a group with severe problems May be amortized So as not to cause the problem of bad debt following Approximately one month after the launch of the Paydee Mee Return Project, it received feedback from farmers in a group with moderate potential. But when a new wave of COVID-19 occurs, it may make access to farmers more difficult.
“As we explore, we will find that Rice farmers It was the group that was most affected by the low price, making it an income insurance. We paid the difference somewhat higher than expected. The impact of COVID-19 is that it can be produced but cannot be sold. Considered to have good productivity, except for the flooded southern region “
Virekha Santaphan, Senior Director Specialized Financial Institutions Supervision and Audit Department Bank of Thailand (BOT) said that it has asked financial institutions to Specialized Financial Institutions And business operators that are not financial institutions Expedite assistance to debtors To mitigate the effects of the situation Some financial institutions have extended measures to aid retail debtors. Following the new coronavirus outbreak, the BOT has followed up and coordinated with financial service providers to expedite assistance to debtors.
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