BANGKOK, 17 July 2014 –The Thai Credit Guarantee Corporation (TCG) announced on Wednesday a scheme for exemption of portfolio guarantee fee for small- and medium-enterprises, to allow the SMEs easier access to funding.
Wanlop Techaphaibun, a director at the TCG’s, announced a scheme that exempts small and medium enterprises from the portfolio guaranteeing fee for the entire one year after the issuing of the portfolio guarantee. The scheme will be available for a maximum of 55 billion baht worth of loans that have been issued since June 24. The fee waiver will only be applicable until December 31, 2015.
Meanwhile Thai Bankers’ Association president Bunthak Wangcharoen expressed his belief that the measure would help lending growth to reach 8-10% in the latter half of 2014, after expanding by just 4-5% in the first half.
