fbpx

SME D Bank received AAA(tha) from Fitch Ratings, the highest in the country for 9 consecutive years, indicating that it plays an important role in supporting the economy. through raising funds to support SMEs to cope with COVID-19

SME D Bank received “AAA(tha)” from Fitch Ratings, the highest in the country for 9 consecutive years.
pointed out that it plays an important role in helping the economy through raising funds to support SMEs to cope with COVID-19

SME D Bank has been rated “AAA(tha)” by Fitch Ratings (Thailand) for the year 2021 and maintained its short-term credit rating “F1+(tha)”, the highest national credit rating for 9 consecutive years. stacking, reflecting stability and plays an important role in supporting the economy through top-up capital to enhance liquidity Supporting SMEs to cope with the Covid-19 situation very well

Ms. Nartnaree Rattaphat Managing Director Small and Medium Enterprise Development Bank of Thailand (SME) or SME D Bank revealed that Fitch Ratings (Thailand) Co., Ltd. has announced the results of SME D Bank’s credit rating for the year 2021, maintaining internal ratings. The country is at “AAA(tha)”, the outlook is stable. It is the highest rated domestic credit rating. And maintain the short-term credit rating at “F1+(tha)” for the ninth consecutive year (2013-2021), reflecting Fitch’s view that there is a high probability that SME D Bank will receive government support. In case of necessity, SME D Bank plays an important role in supporting SMEs who do not have access to full credit services from commercial banks.

In addition, Fitch views that the status of SME D Bank is strong. Because it was established under a specific act to support government policy. The Ministry of Finance is a shareholder of 99.4% and most importantly, in the current weak economy, SME D Bank has played a role in helping to support the economy. through top-up capital to increase liquidity through various credit services Helping SMEs cope with the impact of the severe COVID-19 outbreak.

In this regard, from the past Covid-19 situation, SME D Bank acts as a government tool. Continuously provide assistance to SMEs through filling measures “Knowledge of Partners” supports special interest rate loans enhance liquidity Maintain employment, such as “Extra Cash Small Loans” covering all business groups affected by COVID-19, both directly and indirectly, at an interest rate of 3% per annum in the first 2 years, no collateral required, long installments of 10 Year, grace period, up to 2 years, and “Loan to enhance community economy” juristic person, interest rate starting at only 2.875% per year for the first 3 years, installments for 10 years, maximum grace period. not more than 2 years, etc., along with measures to increase knowledge and increase potential Enhance your business and expand into new markets, especially through e-commerce. which has been very popular Help SMEs to increase their income and able to adapt well through the COVID-19 crisis

* * * * *

Skip to content