Krungsri Group issues alleviation measures

Bank of Ayudhya and its subsidiaries issued measures to alleviate the plights of customers suffering from the recent political crisis. It will be allowing affected debtors to repay only interests during given grace period, and extending their repayment periods. In addition, the Bank stands ready to offer help to businesses related to tourism industry and relevant segments affected by the same crisis.

Mr. Mark Arnold, President and CEO, Bank of Ayudhya PCL., said that the Krungsri Group has a great concern over customers affected by the extended protests and political crisis. When the unrest began, the Krungsri Group was ready to alleviate the problems faced by debtors by, jointly with them, assessing their financial impact and appointing a task force to ensure that its customers get through this difficult period. The alleviation measures include allowing affected entrepreneurs and employees facing financial troubles to pay only interests by installment, and extending their repayment periods.

"Besides these measures, for those more profoundly affected, we stand ready to extend our special help on an individual case-by-case basis. Apart from helping those in the areas of direct impacts, including Ratchaprasong, Sala Daeng, Silom, Pratu Nam, Ratchaprarop, Din Daeng, Lang Suan, and specific upcountry areas, we are prepared to help businesses related to the tourism industry and other segments which will get hurt by the crisis," Mr. Arnold said.