SME Bank helps NPL clients

Pongsak Chewcharat, SME Bank's President, said in a statement that until September 30, clients could be allowed to stop financing their loans under the old rates. They will be entitled to the new rates which is lower. He said this should increase the clients' ability to finance their debts. The clients are offered extra 5 years to repay the debts, and the new repayment period will not exceed 15 years.

 Clients who have not yet been prosecuted on mispayments are also entitled to extra funds from the SME Bank's restructuring programme.

 "These clients should urgently contact the bank, as this is a good opportunity to solve their business problems and revive their business," Pongsak said.

 On August 18, SME Bank's executives nationwide attended a meeting whereby they were handed the policy to speed up the restructuring of NPLs.

- The Nation