The trend of small-to-medium-sized enterprises seeking a delay in repaying their loans is expected to build momentum, according to Kasikornbank, the country’s biggest SME lender.
In the first three months, SMEs asked for a grace period on loans worth 9 billion baht ($278.2 million) because the slowdown in orders had cut their cashflow, Patchara Samalapa, executive vice president of KBank, said on Wednesday. (link.reuters.com/gug78v)
NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 32.3500 Thai Baht) (Bangkok Newsroom; Editing by Anand Basu)