Bangkok: The SME Bank is taking swift action to support flood victims by allowing customers and debtors to defer fees, guarantee management fees, and installment payments for up to six months.
According to Thai News Agency, Mr. Sitthikorn Direksunthon, Director and General Manager of the Small and Medium Enterprise Credit Guarantee Corporation (TCG), emphasized that the ongoing heavy rainfall has caused widespread flooding, significantly affecting the public and small and medium enterprises (SMEs). In response, TCG is implementing emergency measures to aid businesses in maintaining their operations, particularly those located in the flood-affected regions identified by the Department of Disaster Prevention and Mitigation (DDPM).
The measures include a six-month suspension of loan guarantee fees and guarantee management fees for TCG customers impacted by the floods in 23 provinces, as outlined by the DDPM on September 4, 2025. The suspended fees apply to those due between September 4, 2025, and September 30, 2025.
Additionally, a three-month suspension of installment payments is available for TCG debtors who are under a debt restructuring plan and have been affected by the flooding. Applications for this payment suspension are being accepted from September 4, 2025, to October 31, 2025, allowing for a maximum three-month deferment.
Post the three-month suspension, businesses can resume repayments according to their original conditions. The affected provinces include Chiang Rai, Phayao, Nan, Phrae, Lampang, Lamphun, Chiang Mai, Mae Hong Son, Phetchabun, Uttaradit, Tak, Sukhothai, Phitsanulok, Loei, Nakhon Phanom, Kalasin, Nong Bua Lamphu, Khon Kaen, Roi Et, Phuket, Ranong, Chumphon, and Phra Nakhon Si Ayutthaya. These areas have been severely impacted by the flood situation as reported by the DDPM.
Mr. Sitthikorn expressed the SME Bank's commitment to supporting flood victims and assured that they are actively monitoring the situation. The bank stands ready to assist entrepreneurs in sustaining their businesses and continuing their operations amidst the challenges posed by the floods.