Bangkok--22 Feb--Siam Commercial Bank
Siam Commercial Bank (SCB) Senior Executive Vice President Sirichai Sombutsiri unveils SCB's SME lending strategies for 2011. To unlock SME potential with tailored-made programs answering the real needs of SMEs, SCB introduces “SCB SME Venture”, a new credit program offering a credit line up to twice the Loan to Appraisal Value (LTAV) with a waiver of annual guarantee fees, an interest discount up to 0.50% per annum for on-time repayments for 2 years, and a loan period of up to 7 years. Also on offer is “SCB SME Business Expansion” with a credit line up to 300 million baht and a repayment period of up to 10 years at a flat or floating interest rate.