BOT Announces Financial Assistance to Enterprises Affected by Pandemic
BOT published a circular on financial assistance to enterprises affected by COVID-19 pandemic. The notification extends the period for financial institutions to submit loan applications to the BOT for a period of six months from the date of the announcement. In addition, BOT has published guidelines on debt restructuring for financial institutions to assist debtors after the expiration of the relief measure to postpone debt repayment under the Emergency Decree. Earlier this year, in response to the COVID-19 pandemic, BOT provided financial assistance to enterprises with debt balance below THB 100 million, by postponing debt repayment for six months until October 22, 2020. BOT deems it appropriate to set guidelines for financial institutions to implement debt restructuring to assist debtor after the completing of the relief measure.
Related Links (in Thai)
- Notification on Financial Assistance
- Circular on Financial Assistance (PDF)
- Notification on Guidelines on Debt Restructuring
- Guidelines (PDF)
Keywords: Asia Pacific, Thailand, Banking, COVID-19, Credit Risk, Loan Repayment, Debt Restructuring, Financial Assistance, BOT
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