BANGKOK, 18 June 2014 – Kosit Panpiemras, Executive Chairman of the Bangkok Bank, has revealed that Thailand’s improved political atmosphere has drawn a number of investors and tourists to regain their confidence in the country.
The Bangkok Bank chairman remained confident that the National Council for Peace and Order (NCPO)’s policy to push the country forward would help strengthen Thailand’s economy as a whole.
Mr. Kosit also advised the NCPO not to bring back populist projects as they were the root cause of increased household debts and reduced consumer spending.
Meanwhile, Bangkok Bank Deputy Manager Weerasak Sutantawiboon said that the bank has come up with measures to help SMEs who were affected by the seven-month long political protest from November 2013 to May 2014.
Some of those measures include increasing the borrowing capacity for certain SMEs, giving out soft loans with low interest rates, as well as readjusting the terms of repayment and grace periods for the original loans.
The bank predicts that at least 1,000 SMEs would enroll in the program starting on December 30, 2014.
