9 April 2020
Bangkok (9 April 2020) –
Krungsri (Bank of Ayudhya PCL) introduced additional assistance measures for small and medium-sized enterprises (SMEs) affected by the spread of the 2019 coronavirus (COVID-19) outbreak. The measures include a
six-month grace period on principal and interest payments for SMEs with a credit limit not exceeding 100 million baht each, as well as two-year
soft loans up to 20% of the outstanding loan balance as of the end of 2019, at 2% annual interest, and a six-month interest-free period for entrepreneurs with a credit line not exceeding 500 million baht each.
Krungsri Head of SME Banking Group Mr. Sayam Prasitsirigul stated, “The spread of COVID-19 has caused extensive impacts across all sectors, including SMEs, of which economic role is crucial and are one of the key customer segments of Krungsri. The Bank, therefore, has introduced assistance measures to alleviate the burdens of affected SME customers and also in response to the policy of the Bank of Thailand (BOT). Moreover, Krungsri offers additional assistance measures to enable them to continue their businesses, with a six-month grace period on principal and interest payments, as well as two-year soft loans, depending on customer type.”
The assistance measures for SMEs are as follows:
Measure 1:
Six-month grace period of principal and interest payments, from 1 April to 30 September 2020, for
SME customers with a credit line not exceeding 100 million baht
Measure 2:
Soft loans for customers with a credit line not exceeding 500 million baht
- Customers can take out up to 20% of their outstanding loan balance as of 31 December 2019.
- 2% annual interest for two years
- Interest waived for the first six months
To apply for assistance measures, SME customers can contact their respective relationship managers or notify their intention through the “Requesting Assistance Measures for Loan Customers Impacted by COVID-19” program by visiting the Bank’s website at
krungsri.com.