EXIM Thailand Joins “DR BIZ Program” To Lessen Debt Burdens of Multi-creditors Businesses Facing Impacts from COVID-19

Announcement date 21 August 2020

Mrs. Wantana Mongkolsri (back row, fifth right), Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), attended a launch of debt restructuring program for businesses (DR BIZ) at the Bank of Thailand (BOT) on August 21, 2020. Under the MOU jointly inked by Mr. Veerathai Santiprabhob (front row, center), Governor of the BOT, and executives from the Thai Bankers’ Association, Association of International Banks and Government Financial Institutions Association including EXIM Thailand, the creditors mutually agree to lessen debt burdens of multi-creditors businesses with total credit lines of 50-500 million baht together with good prospect and potential but facing adverse impacts from the COVID-19 outbreak. The eligible debtors will be offered integrated plans of annuities reduction, debt restructuring or debt payment adjustment conditions in line with the debtors’ businesses for faster business recovery.