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State-owned bank giving out soft loans to Thai SMEs

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State-owned bank giving out soft loans to Thai SMEs

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BANGKOK, 15 February 2016 (NNT) – The Government Savings Bank (GSB) has been offering soft loans to small and medium enterprises (SMEs), in a bid to help them improve liquidity.

Chatchai Payuhanaveechai, Chief Executive Officer and President of the GSB, said the bank had so far issued low-interest loans to 9,700 businesses, with an average loan of 5.1 million baht per business.

He said it was the second phase of the bank’s SME assistance project launched earlier this year. The main objective of the project is to improve the liquidity of Thai SMEs as well as allow them to expand their businesses.

Other financial institutions joining the project are Bangkok Bank, Siam Commercial Bank, Kasikorn Bank, and the SME bank.

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a bid to help them improve liquidity.

TRANSLATION:

a gamble to help them improve liquidity.

To the Thai taxpayers it's a gamble but to the military government it's a risk-free gamble as it uses the national treasury to fund the soft loans and guarantee loan payoff. Banks stand to make their profits regardless of success of failure of SMEs.

a bid to help them improve liquidity.

TRANSLATION:

a gamble to help them improve liquidity.

To the Thai taxpayers it's a gamble but to the military government it's a risk-free gamble as it uses the national treasury to fund the soft loans and guarantee loan payoff. Banks stand to make their profits regardless of success of failure of SMEs.

Still only a spoon size loan compared to using state banks to buy paddy at inflated prices to sell at a loss...

Liquidity will equal new pickup truck, and an iPhone for most of the recievers of these " soft " loans.

These items of CapEx will surely help these business,s with their expansion plans.

a bid to help them improve liquidity.

TRANSLATION:

a gamble to help them improve liquidity.

To the Thai taxpayers it's a gamble but to the military government it's a risk-free gamble as it uses the national treasury to fund the soft loans and guarantee loan payoff. Banks stand to make their profits regardless of success of failure of SMEs.

Still only a spoon size loan compared to using state banks to buy paddy at inflated prices to sell at a loss...

"Still only a spoon size loan compared to using state banks to buy paddy rubber at inflated prices to sell at a loss..."

There you go....fixed that for ya. thumbsup.gif

Liquidity will equal new pickup truck, and an iPhone for most of the recievers of these " soft " loans.

These items of CapEx will surely help these business,s with their expansion plans.

A pick-up trust and a mobile are a must for any small building construction enterprise. So what?

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