3 state-owned banks joining hands for SMEs

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BANGKOK, 30 April 2011  – Three state-owned banks have teamed up to provide one-stop service for small and medium enterprises (SMEs) following the policy of the Ministry of Finance.

 

Speaking after opening the first pilot branch supported by the three banks in Bang Bua Thong district, Deputy Finance Minister Pradit Phataraprasit stated that the operation is aimed at providing faster and more efficient service for business entrepreneurs.

The three state-owned banks involved are the Government Housing Bank (GH Bank), the Small and Medium Enterprise Development Bank (SME Bank) and the Small Business Credit Guarantee Corporation (SBCG).

The deputy minister stated that entrepreneurs would find the service more efficient. For example, he said, clients seeking loans from the GH Bank or the SME Bank may ask the SBCG to act as credit guarantor, and thus resulting in faster approvals of the loans.

Mr Pradit noted that the operation would be evaluated every three months to ensure that the service by the three financial institutions would fully meet customers’ demand.