Bangkok Bank has launched the 20 billion baht Bualuang Transformation Loan Program with a fixed interest rate of 5% per annum to support SMEs affected by the Covid-19 pandemic and those who need funds for business transformation.
The loan program aims to help SMEs adapt to digital transformation, transition to the next normal, technological changes, rising energy prices and other disruptive factors to enhance competitiveness and create sustainable growth.
Bangkok Bank emphasizes its commitment to providing continuous support and assistance to SME customers, not only providing loans but also providing close monitoring, evaluation and advice based on their specific needs.
The program offers a fixed interest rate of 5% per annum and a repayment period of up to five years. It targets two categories of SME customers: those affected by the Covid-19 pandemic and those who need funds to invest in business transformation.
The bank emphasizes providing assistance and closely monitoring the situation for the first group, while focusing on supporting the second group's investment in digital technology, green business and innovation. The program is open to existing and new SME customers from February 1, 2024 to January 31, 2025. Interested businesses can apply through their Business Relationship Officers, Business Centers or Bangkok Bank branches nationwide.

“As a trusted partner and reliable friend, Bangkok Bank attaches great importance to taking care of all customer groups and staying close to them so that we can get through this crisis together. The Bualuang Transformation Loan “is a special loan program designed to help SME customers outside of our existing loan assistance programs. For groups that need to obtain loans to resume their businesses, the Bank will not only provide loans, but will continue to closely monitor and evaluate the situation and provide customers with corresponding advice. Another category is SME customers who need to adjust their businesses to the current situation and the various opportunities it provides. For this group of customers, we will focus on supporting them to invest in the three key areas of business transformation: digital technology, green business and innovation to improve or purchase machines, equipment and tools, as well as systems and processes. This will help improve their competitiveness and ability to achieve sustainable growth, thereby enhancing their business potential.”