SMEs on last legs as rallies drag on | Bangkok Post: business

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SMEs on last legs as rallies drag on

No NPLs yet, but more personal loans drawn

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While companies and almost all salary earners in Bangkok have hardly felt any financial difficulty from the week-long Bangkok shutdown, the rallies in seven important business areas have dealt a big blow to small and medium-sized enterprises (SMEs), which are already under pressure from the stuttering economy, say bankers. 

A woman prays for good business in front of her shop near the Asok rally site on Thursday. SOMCHAI POOMLARD

Many SMEs have drawn down more from their credit lines to ease tight financial liquidity, said Jirachayuth Amyongka, the senior executive vice-president for commercial banking at CIMB Thai Bank (CIMBT).

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