Luechai Chaiparinya, first executive vice president and head of the KTB retail strategy product and |segmentation group, said yesterday that the bank had acknowledged |that flooding upcountry had |affected some of its customers and that they might need help from the bank.
The bank is offering to let them pay only the principal for three months, after which it will reduce the interest rate by 0.25 percentage points from the fourth through 12th months.
The offer is available on application until January 31, 2017, he said.
Thaweelap Rittapirom, director and executive vice president of Bangkok Bank, said his bank had normal procedures for customers affected by natural disasters, under which they can ask for an interest waiver. The bank considers requests case by case, he said.

Sluggish economy
He added, however, that none of its customers in the many provinces that had been hit by floods recently had asked for help from the bank.
He said demand for housing loans was slow right now because the sluggish economy had affected the incomes of people who might want to buy a home.
In the first half of this year, mortgage borrowing was stimulated by a tax incentive, but since July, lending has levelled off. He said people were not in the mood to buy a home during the mourning period following the death of His Majesty the King, and housing developers had toned down their promotional campaigns.
Normally, the fourth quarter is the high season for residential sales, but several developers are expected to keep their campaigns on hold until next year.
Thaweelap said that although his bank’s mortgage-lending growth had been good upcountry, overall housing-loan growth would be down this year.
Earlier, Bangkok Bank forecast that housing loans this year would grow by 8 per cent.