SME D Bank together with Thai SMEs helped solve sustainable debt issues by pushing for “3 Actions to Reduce and Eliminate Debt”

press release

SME D Bank responds to the government’s policy of moving forward to solve debt problems in a sustainable way for Thai SMEs, introducing “3 Debt Reduction, Debt Repayment Measures” including installment reduction, capital reduction, and interest reduction. Create a fresh start opportunity Ready to move forward with the business again Communicate your intention within January 2024.

Miss Nartanari Ratbat, General Manager The Small and Medium Enterprises Development Bank of Thailand (SME) or SME D Bank revealed that according to government policy, it is important to solve debt problems throughout the system. Set as a national agenda especially for small debtors and SME owners, SME D Bank is a specialized state financial institution ready to help SME entrepreneurs affected by COVID-19 and vulnerable groups to ease the financial burden, maintain the situation without falling into debt and create opportunities for a new start. Back to moving forward with work again. This is done by issuing “3 procedures to reduce and pay off debts,” including 1. Reducing installments and amending the limit for paying installments. According to work capacity 2. Reduce capital and adjust structure. Increase flexibility for your business Bring premium funds to pay as per terms. “You can write off the installment principal by 100% for two years, in addition to reducing all accrued interest. 3. Reducing the interest for SME owners affected by COVID-19 (code 21), and raising the accrued interest. Give everything upon payment according to the bank’s terms or close the account The accumulated interest is reduced by 100%, which helps relieve anxiety. Starting a new business again

“SME D Bank is ready to help SME entrepreneurs overcome obstacles and reduce the impact of the COVID-19 crisis on an ongoing basis, which “Reduction 3, Debt Relief” measures will help ease the financial burden. Increase flexibility in debt repayment Increasing efficiency in business management and providing an opportunity to get ahead in business again “It is expected to help more than 38,000 SME entrepreneurs who are customers of the banks,” Ms. Nartanari said.

In addition, it also provides assistance alongside “development” through the “SME D Coach” project, where it organizes a team of professional coaches to provide advice, counsel and problem-solving attention to SME entrepreneurs closely. So he can adapt and move through different situations well

Bank customers can communicate their wishes during January 2024 through various channels such as the SME D Bank website. https://www.smebank.co.th, LINE official account: branches of SME Development Bank and SME D Bank across the country, etc. For more information, call the call center 1357.