Government Savings Bank are to meet 19 financial institutions on Thursday to discuss the extension of another tranche of 50 billion baht in low-interest soft loans to small and medium-sized enterprises.
GSB director Chartchai Payuhanaveechai said Wednesday he expected soft loans could be extended immediately after the signing of an agreement between GSB and the 19 financial institutions on January 13.
The maximum amount of loan will not exceed 10 million baht instead of 50 million baht as was the previous case.
Mr Chartchai urged SMEs who re interested to apply for the soft loans to contact the 19 financial institutions and the GSB. He expected the GSB to be able to provide up to 30 billion baht in loans to the SMEs.
Regarding the GSB’s performance last year, he said that bank deposits from members of the public increased 3-4 percent bringing the overall deposits of the bank to rise by six percent whereas credits grew by 6 percent.
Earlier, GSB set aside 100 billion baht in soft loans to be extended to SMEs through several commercial banks. The amount was exhausted in two months with 13,000 SMEs applying for loans averaging 8 million baht each.