FINANCE
Flooding helps TCG rack up record for credit guarantees
- Published: 4 Dec 2012 at 00.00
- Newspaper section: Business
CHIANG MAI : The performance of Thai Credit Guarantee Corporation (TCG) hit a record 70 billion baht worth of credit guarantees in the first nine months of 2012, due to demand from companies affected by last year's floods.
Of the total, 23 billion baht was for businesses affected by the floods. For the full year, TCG expects total credit guarantees of 74-75 billion baht.
TCG president Wiboon Perm-Arayawong said TCG is tapping into the small enterprise market often overlooked by commercial banks.
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