Central Pattana Plc (CPN) has launched a plan to help more than 15,000 tenants at its malls, offering financial assistance in partnership with major Thai banks.
The company wants to help its tenants access loans from Kasikornbank, Krungthai Bank, Bank of Ayudhya, Bangkok Bank, Siam Commercial Bank, TMBThanachart, and Government Savings Bank.
The loans are meant for business recovery.
CPN previously helped tenants by reducing rental fees and using marketing strategies to boost sales.
Marketing campaigns have been launched throughout the year.
Wallaya Chirathivat, deputy chief executive of CPN, said the company is committed to helping partners and small businesses survive the crisis.
"Throughout the pandemic, we have done our best to support our partners, even as we are affected by the pandemic as well. We will continue to operate our business with professionalism and retain our strength by adjusting investment plans, reducing expenses, and managing using efficiency. In so doing, we should be able to take care of all parties involved," said Ms Wallaya.
"The 33 Central malls across the country are like a big family and they have a total of more than 15,000 tenants. Since the beginning of the outbreak, we have been taking care of all of them through business and social support, accounting for over 10 billion baht in 2020. We plan on continuing to provide support."