Bangkok Bank has demonstrated its commitment to being a trusted friend by providing help for flood victims in the South. The bank has prepared Baht 10 billion for relief measures including the relaxation of loan payments, reduced interest rates and additional loans for customers directly or indirectly affected by the floods. Bank executives and staff are also visiting customers to provide advice and assistance. The bank has opened an account to receive donations from customers and the public and has waived inter-region transfer fees for all channels. The donations will go to the Royal Thai Navy.
Bangkok Bank Senior Executive Vice President Suvarn Thansathit said the bank is providing help and relief to flood-stricken customers in the South by issuing financial support measures and assigning executives and staff in the areas to visit customers and provide help and advice. The Bank wants to ease the burden on customers so they can quickly go back to normal life and resume their businesses.
The bank has issued three measures to help its customers. It is relaxing loan repayments, reducing interest rates, and providing additional loans to help people recover from the floods. Baht 10 billion has been set aside for special loans for the bank’s existing business and retail customers. Of this, Baht 5 billion will be for short-term loans of less than one year’s duration and Baht 5 billion will be available for loans of up to five years. The loans include providing revolving credit to enhance business liquidity. Businesses can use this to pay for goods, wages and other production-related expenses, buy replacement goods, and/or restore businesses or residential properties. The bank will also provide continuous help after the floods by suggesting solutions that match each customer’s situation and need. Customers can ask for more details and apply for a loan at the bank’s business centers and branches.
“The bank is aware that our customers are facing major difficulties as the flooding is more severe than expected. The Bank has provided emergency help and is opening a current account at its Silom Road Head Office, account number 101-3-47022-2 with account name ‘Helping Flood Victims in the South’, to receive donations from customers and the public. Donations can be made via the bank’s nationwide branch network and other service channels with inter-region funds transfer fees waived for all channels. All donations will go to the Royal Thai Navy who will use the money to help people in the flooded areas”, said Mr. Suvarn.