Bangkok Bank launches 20-billion-baht Transformation Loan program to support SME

Bangkok Bank has introduced a 20-billion-baht Bualuang Transformation Loan program aimed at supporting SMEs in adapting to changes and enhancing their competitiveness.

Key Takeaways

Bangkok Bank has launched a 20-billion-baht Bualuang Transformation Loan program with a fixed interest rate of 5% per year to support SMEs affected by the Covid-19 pandemic and those needing funds for business transformation.
The loan program aims to assist SMEs in adapting to digital transformation, transitioning to the Next Normal, technology changes, higher energy prices, and other disruptive factors to enhance their competitiveness and create sustainable growth.
Bangkok Bank emphasizes its commitment to providing continuous support and assistance to SME customers, offering not only loans but also close monitoring, evaluation, and advice tailored to their specific needs.

The program offers a fixed interest rate of 5% per year and a repayment term of up to five years. It targets two groups of SME customers: those impacted by the Covid-19 pandemic and those needing funds to invest in business transformation.

The bank emphasizes providing assistance and monitoring the situation closely for the first group, while focusing on supporting investments in digital technology, green business, and innovation for the second group. The program is open to both existing and new SME customers from February 1, 2024, to January 31, 2025. Interested businesses can apply through their business relationship officer, business center, or Bangkok Bank branch nationwide.