State-owned banks and other Specialized Financial Institutions (SFIs) gave 3.79 trillion baht worth of loans to 11 million debtors affected by the coronavirus outbreak during the first half of 2020, the Government Financial Institutions Association (GFIA) said on Wednesday.
The association consists of nine SFIs including; the Krung Thai Bank, the Government Savings Bank (GSB), the Bank for Agriculture and Agricultural Co-operatives, the Government Housing Bank, the Secondary Mortgage Corporation, the Islamic Bank of Thailand, the Export-Import Bank of Thailand, the SME Bank and the Thai Credit Guarantee Corporation.
The GFIA said that together, these SFIs have provided 3.79 trillion bath worth of loans to 11.16 million debtors, including individuals and SMEs, during the first six months of 2020.
Approximately 1.31 trillion baht were agricultural credits given out to 5.7 million debtors.
At the same time, about 1.7 trillion baht worth of housing and personal loans were given out to 4.6 million debtors and more than 175,000 SMEs have taken out around 723 billion baht from the SFIs.
A debt payment holiday was also approved to about 7.2 million debtors with a combined debt of 3.01 trillion baht.
GSB and BOT
The GSB is going to introduce another round of soft loans for SMEs and self-employed people valued at 120 billion baht next week, the Ministry of Finance said on Tuesday.
The state-owned bank has already provided 150 billion baht worth of soft loans in March but that budget ran out within a month.
In April, the Bank of Thailand (BOT) introduced its own soft loan budget of around 500 billion baht via commercial banks but private banks are reluctant to give out loans in fear of rising non-performing loans.
Of that 500 billion baht figure, approximately 96 billion baht was given to more than 59,500 SMEs with an average of 1.6 million baht per debtor as of Tuesday.
