KBank Subsidiaries and ASEAN Economic Strategy
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KBank: Financial Aid Programs Phase 2 (Continued)
■ Offer financial aid programs to help retail customers during COVID-19 pandemic
Credit Adjustment Phase 2: For Individuals
For Individuals: Automatic Adjustment*
■ Credit Cards:
• Lower interest rate ceiling from 18% to 16%
■ Xpress Cash:
• Lower interest rate ceiling from 28% to 25%
■ Xpress Loan:
• Lower interest rate ceiling from 28% to 25%
■ KLeasing:
• Lower interest rate ceiling from 28% to 24%
Registration**
■ Credit Cards:
"
o Option 1: 6-billing-cycle grace period on principal
• Option 2: Change to 48-month term loan, at special interest rate of 12% (card will be closed)
Xpress Cash:
o Option 1: 6-billing-cycle grace period on principal
• Option 2: Change to 48-month term loan, at special interest rate of 22% (card will be closed)
Xpress Loan:
• Option 1: 6-billing-cycle grace period on principal
• Option 2: 30% reduction in installment payments for 6 billing cycles, at special interest rate of 22%
■ Xpress Loan - Long-Term Loan:
o Option 1: 3-month grace period on principal
o Option 2: 30% reduction in installment payments for 3 months
• Option 3: 3-month grace period on principal and interest payments
■ Housing Loans:
o Option 1: 3-month grace period on principal and 0.1% reduction in interest rate for 3 months
• Option 2: 50% reduction in installment payments for 3 months
o Option 3: 3-month grace period on principal and interest payments
■ KLeasing:
o Car to cash (Pledge Registration):
• 30% reduction in installment payments throughout the contract period with maximum interest rate not higher
than 22% p.a.
o Others: Hire Purchase and Financial Lease
• Option 1: 3-month grace period on principal and interest payments and extension of term loan for another 3
months
• Option 2: 50% reduction in installment payments for 6 months and extension of term loan for another 3 months
Note: According to the BOT's announcement of the second phase of COVID-19 relief measures, dated June 19, 2020.
* Automatic adjustment will be effective from August 1,2020 onwards.
** For affected debtors who are non-NPLs as of Mar 1, 2020. KBank provides alternative options to help alleviate debtors' burdens. They can choose an option depending on their ability to pay.
Source: KBank
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Relief Measures for COVID-19 Impact
(Press Releases on Talk after Lockdown with KBank President (Mr. Patchara Samalapa), dated 2 July 2020)
All Relief Measures (Grace Period, Debt Holidays, etc.)*
No. of customers: 0.65 million customers
Outstanding loans: Bt 828 billion
Retail Customers
Outstanding loans No. of customers
(Bt bn)
All Relief Measures* 82
Additional loans
13
Business Customers
('000)
Outstanding loans
(Bt bn)
No. of customers
('000)
356
34
All Relief Measures* 746
Additional loans
293
143**
60
*All Relief Measures include Grace Period, Debt Holidays, etc.; debt holiday in Thai context refers to payment holiday (not debt forgiveness); ** 30% YoY growth
Note: All figures above are broken down by customer and are not comparable with loans in this presentation deck which are broken down by business.
Business customers: Outstanding loans of Bt746 billion have average loan to value (LTV) around 81%
Special Projects
"Generous (Business) Owners - Empathetic Creditor" lowered interest rates for business owners to allow
them to keep their employees on payroll
"Zero Interest-rate Loan to Retain SME Staff” 0% interest rate for 10-year loans, to pay salaries
Lending through special projects
No. of employees helped via special projects
1,144
49,000
บริการทุกระดับประทับใจ
million Baht
employees
77
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