KTB to aid customers who suffered from riots

BANGKOK, 25 May 2010 (NNT) – Krung Thai Bank (KTB) has issued relief measures for its customers affected from the recent political unrest and riots by deferring and changing plans for loan payments as well as opening spaces at the KTB Headquarters to operate businesses temporarily.

As elaborated by KTB President, Apisak Tantivorawong, the bank has issued three main directions for debt payment deferment and adjustment to bolster their recovering speed, but the approval will be made on the negative effects each customer received.

In the first option, customers will be allowed to defer loan payment period by paying less principal based on their solvency and cash flow. As for the second option, customers will be allowed to enjoy a grace period for six months.

The last option will be for severely affected customers to pay some of the interest while payment of the rest would be exempted for 6 to 12 months. The bank has prepared a circulation fund of 5 billion THB.

In addition, the bank president announced that the bank would allocate some space in its headquarters on Sukhumvit Road and other branches in Bangkok for its retail customers affected from the unrest to sell products and operate their businesses temporarily.

Interested business owners can contact credit officers of the bank at the nearest branches or dial 0-2208-8015.

According to the initial survey by the bank, almost 300 customers of the bank have been affected with the total loan of 30 billion THB. Most of them are from hotel, wholesale, and retail businesses.