The SME Bank logo at its headquarters on Phahon Yothin Road. WICHAN CHAROENKIATPAKULThe state-owned Small and Medium Enterprise Development Bank of Thailand (SME Bank) plans to provide low-interest factoring financing worth 7 billion baht to improve the liquidity of small business operators. SME Bank managed to offer 1.59 billion baht worth of refinancing via its factoring scheme offered from September to December last year. Last year SME Bank provided 34 billion baht worth of new loans and reduced its non-performing loans (NPLs) to less than 18 billion. This year, SME Bank has been assigned to extend a maximum of 30 billion baht in new loans and cut NPLs to 16.6 billion.

Source: Bangkok Post February 03, 2017 00:55 UTC