Export-Import Bank of Thailand (EXIM Thailand) President Mr. Pisit Serewiwattana said that the bank has launched relief measures to help clients directly and indirectly affected by floods in the South of Thailand.
Those who live or whose business establishments are located in the areas announced as flood zones are eligible for such relief measures as extension of export bills repayment period of up to 360 days, interest rate reduction for revolving export credit for the period of 6 months followed by a 0.5% interest reduction from normal rate, debt suspension for short- or long-term loan up to one year. For pre- and post-shipment working capital loan customers indirectly stricken by the floods as a result of the delayed production following late delivery of goods by floods-damaged suppliers, an extension of promissory notes repayment schedule will be considered with a maximum overdue period of 360 days.
Mr. Pisit further elaborated that in addition to the support mentioned, the Bank will donate 4,500 relief bags worth one million baht as well as setting up a flood relief center at the Bank’s headquarters. The Bank is now inviting its staff members and the general public to help donate food and necessity items for the flood-stricken population in the South through the Royal Thai Navy.
“EXIM Thailand is ready to help alleviate the plight of our fellow Southerners and promote business continuation among the Thai enterprises through various urgent relief measures targeted for those directly and indirectly affected by the Southern floods. We will also be pleased to extend further assistance as appropriate on a case by case basis, hoping to become a meaningful part of the country’s efforts to reduce the hardships of the Thai people and business sector while helping them to speedily return to their normal course of life,” said Mr. Pisit.