Bangkok--18 Sep--Siam Commercial Bank
Siam Commercial Bank PCL (SCB) and the Federation of Thai Industries (FTI) sign a memorandum of understanding calling for cooperation in promoting and supporting raising standards for FTI members between 2018 – 2020. In the pipeline areSME loans of some 6 billion baht and an intensive training program providing knowledge on standards for compliance with the Revenue Department's single financial account scheme for SMEs nationwide to prepare them for meeting the Revenue Department's standards for sustainable business advantages. Under the agreement, SCB offers secured loans with 5% interest for 2 years and unsecured loans with a credit line of up to 50 million baht as an incentive for SMEs to enter the single account scheme. The MoU signing ceremony was held recently at the SCB Head Office, and attended by SCB President and Chief Executive Officer Arthid Nanthawithaya, FTI Chairman Supant Mongkolsuthree, SCB Senior Executive Vice President and Head of the SME Segment Pikun Srimahunt, and Small and Medium Industrial Institute (SMI) Chairman Preecha Songwattana.