ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Finance

Thai banks give coronavirus-hit borrowers one-year moratorium

Low-interest loans, tax cuts and deductions also enter fight against epidemic

Thai mortgage holders who are laid off from their jobs amid the coronavirus epidemic will not have to make payments for a year.   © Reuters

BANGKOK -- Thai banks have offered companies hit by the novel coronavirus more time to repay loans.

The debt-relief package, announced by the Thai Bankers' Association, comes on top of state measures to mitigate the epidemic's potential $6.4 billion blow to the country's long-stagnant economy. The yearlong grace period on loan repayments being offered by banks covers companies in the tourism sector, exporters, importers and retailers.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more