KBank Subsidiaries and ASEAN Economic Strategy
K
KASIKORNTHAI
Short-term Stimuli (Con't).
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
■Cabinet approved economic packages to stimulate economy: village / district levels, SMEs, and property
Measures to help Farmers (August 20,2019, and August 27, 2019)
Drought-afflicted relief program
Easing production cost
2019/20 Rice and Palm Oil Price
Insurance Scheme
(Bt34bn)
Measures to help SMEs (September
2020 Loans guaranteed by Thai
Credit Guarantee (TCG)
2020 Debt restructuring program
Loans guaranteed by TCG
(Bt100bn)
Venture capital fund for SMEs
■ Low-interest loans will be offered to support farmers affected by the drought
■ An extension of debt repayment for BAAC borrowers
"
"
Emergency loans capped at 50,000 Baht, with no interest charged in the first year
Drought rehabilitation loans up to 500,000 Baht, each with a special interest rate of MRR-2%
• Bt500 per rai grant for easing crop expenses during 2019/2020 crop cycle (capped at 20 rai per farmer household)
■ Price guarantee of Bt4 per kilogram for palm oil, up to 25 rai per farmer household
Up to Bt15,000 per tonne risch price guarantee, up to 40 rai per farmer household
8, 2015, July 25, 2017, August 1, 2017, and August 20, 2019, January 7,2020)
■ TCG will offer Bt60bn credit guarantee facility to the first group of up to 50,000 SMEs and enlarge credit guarantee
coverage to 40% from 30%
■ TCG will delay bankruptcy process for SMEs and help SME debt restructuring process
■ TCG will absorb first 30% of NPLs as loss
■ Guarantee fee will drop to 0% in 1st year, 0.5% in 2nd year, 1.5% in 3rd, and 1.75% in remaining years
■GSB, KTB, and SME banks will provide Bt6bn in venture capital funding for start-up SMEs with insufficient capital
SME Transformation Loan programme by Government Saving Bank and Krung Thai Bank (January 7, 2020)
2020 Liquidity aid (Bt60bn)
■ GSB and KTB will offer Bt60bn loans to boost SMEs' liquidity
Source: Newspaper, KResearch (as of January 2020)
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Short-term Stimuli (Con't)
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
■Cabinet approved economic packages to stimulate economy: village / district levels, SMEs, and property
Measures to support small SMEs (August 20,2019, January 7,2020)
Special Credit Program to
■ Grant soft loans, up to Bt1mn per entrepreneur, with interest rate of only 1% per annum and seven-year grace period
support small SMEs
(Bt5bn)
Measures to support property market (October 29, 2019, November 26, 2019)
Property transfer fee reduction
Baan Dee Mee Down Program
(Cash Rebate on down payment)
"
Property transfer fees reduced from 2 percent to 0.01 percent
■ Mortgage fees reduced from 1.0 percent to 0.01 percent for buying condominium units priced at not over Bt3 million
■ Bt50,000 cash-back per buyer on down payment for buyers earning less than Bt100,000 per month (Nov 19 - Mar 20)
Source: Newspaper, KResearch (as of January 2020)
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บริการทุกระดับประทับใจ
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