Thai Credit Guarantee Corporation (TCG) stands ready to provide guarantees for loans offered by non-bank institutions, says acting general manager Wasukarn Visansawatdi.
TCG expands soft loan guarantee allocation by B100bn bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
Thai Credit Guarantee Corporation (TCG) wants to expand its guarantees for the Bank of Thailand's soft loan scheme by an additional 100 billion baht as the first guaranteed amount of 100 billion baht is nearing the ceiling.
TCG urges central bank to expand loan limits
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published : 9 Jul 2021 at 06:33
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Thai Credit Guarantee Corporation (TCG) is proposing the Bank of Thailand consider expanding the level of loans TCG is guaranteeing for borrowers of the amended soft loan scheme from 100 billion baht as the guaranteed amount is nearing the ceiling.
TCG acting general manager Wasukarn Visansawatdi said the central bank asked TCG to guarantee up to 100 billion baht of the Bank of Thailand s soft loan scheme worth 250 billion, allocated to help businesses and individuals survive the impact of the Covid-19 pandemic.
Mrs Wasukarn said TCG has provided a guarantee of 50 billion baht under the scheme, covering 17,000 borrowers.
The Thai Credit Guarantee Corporation (TCG) recorded a low number of requests for its soft loan guarantee, totalling only 6.5 billion baht out of its earmarked 100 billion.