On Nov. 6, TAI BAC extended the implementation period of measures.
TAI BAC extended implementation period of financial assistance measures for business, in response to global interest rate hikes and pandemic's lasting impact.
Follows TAI CB Jun. 2021 extended SME loan facility, increased amount, see #107249.
Extension
The goal of the extension is to provide businesses with a buffer period to alleviate financial pressure and support post-pandemic economic recovery efforts.
Businesses with loans maturing before Dec. 31, 2024 can apply for 6-month extension.
Certain procedures related to loan extensions, such as collateral requirements and financial reporting, will also be simplified and extended until Dec. 31, 2024.
The deadline for member banks to handle cases related to TAI GVT transfer of corporate debt negotiation has been extended from Dec. 31, 2023, to Dec. 31, 2024.
