THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED Siam Commercial Bank Chairman of the Executive Committee Dr. Vichit Suraphongchai has announced new measures to aid clients. According to Dr. Vichit, "SCB, as a major institution helping drive the country's economy, has taken note of the sluggish economic conditions affecting the business and household sectors. Fully committed to supporting SMEs, during 1Q15 SCB granted more than 30 billion baht in new loans, an increase of more than 50% compared to the same period last year. In addition, some17 billion baht worth of existing loans have been restructured to support customers facing liquidity problems. SCB is now preparing another 30 billion baht, and lowering its MLR by 0.10% p.a. to 6.525% p.a. and MOR by 0.10% to 7.4% p.a. to help enhance liquidity for customers, enabling them to continue business operations. The bank is also launching measures to further relax payment conditions for customers affected by the economic downturn, which could obstruct future economic development."
SCB has come up with measures to continuously look after retail clients, particularly those in the mortgage loan segment, because homes are indispensable. Because of this, it has forged ahead with efforts to enable clients to weather economic uncertainty by reducing the minimum retail rate (MRR) by 0.30% to 7.820% per annum.
"We understand the hardship some of our clients are facing under the current economic conditions, so we have decided to take various relief measures to ensure they are able to run their business as efficiently as usual, such as helping clients earn interest income by keeping deposit rates unchanged. This underlines our stance to work together with our clients to provide them with our utmost assistance under any circumstances," said Dr. Vichit.
|
distributed by
|
