Photo Release: KBank joins hands with TCG to provide financial supports for SMEs in import-export and tourism

Stocks and Financial Services Press Releases Tuesday September 19, 2017 15:25
Bangkok--19 Sep--KASIKORNBANK

At KBank Phahon Yothin Building, Mr. Surat Leelataviwat, right, Executive Vice President ofKBank, and Mr. Nitid Manoonporn, left, President of Thailand Credit Guarantee Corporation (TCG), recently co-hosted a press conference to announce their cooperation to support small and medium-sized enterprises under "Portfolio Guarantee Scheme Phase VI". The facility includes loans up to THB60 million for import-export SMEs for use as working capital and to finance their business expansion and up to 3.33 times collateral value for tourism SMEs. TCG will provide additional loan guarantee up to THB40 million each. Customers will be granted 1.75 percent fee waiver during the first four years. KBank and TCG plan to provide THB1.5 billion of SME loans to the entrepreneurs in the two sectors by the end of this year.


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