BANGKOK, 12 February 2013 Mr. Pichai Chunhavajira, SME Bank chief executive officer, said the Ministry of Finance is satisfied with the Bank’s financial restructuring plan to solve a major NPL problem.
Mr. Pichai said after his meeting with representatives from the Fiscal Policy Office and the State Enterprise Policy Office that the meeting discussed the restructuring plan, solutions to NPLs, an improvement of IT systems and a planned release of new loans.
According to him, the SME Bank’s rehabilitation plan has been well received and won support from the Minister of Finance. The IT system as well as organizational structure will undergo changes in line with the bank’s main responsibilities and in order to raise public’s confidence.
Mr. Pichai said further that the SME Bank will provide the Ministry of Finance and the Ministry of Industry with a monthly report on the progress of the rehabilitation strategy. He asserted that SME Bank executives had given their commitment to follow the strategy. They believed the bank would be able to hold its position as a mechanism to assist SME operators financially. He also denied a rumor that the SME Bank would merge with the Government Savings Bank.
