Siam Commercial Bank collaborates with the Thai Bankers' Association and the Federation of Thai Industries to participate in the Transition Finance for Low Carbon Industries program, offering the option of “Sustainable Business Loans” with a special interest rate of 3.25% and a repayment period of up to 10 years. The maximum revolving loan limit is 50 million baht without the need for collateral. This initiative aims to help SMEs transition to environmentally friendly businesses and significantly reduce greenhouse gas emissions, serving as a long-term lifeline for the Thai industry. Present at the announcement of this collaboration were Dr. Yanyong Thaicharoen, Chief Executive Officer of the Economic and Sustainability Research Division, and Ms. Kongkaew Boonprasith, Assistant Senior Manager of Business Banking L2.

Siam Commercial Bank is one of 9 commercial banks committed to facilitating the transition to a low-carbon industry for SMEs effectively. Together, they have designed sustainable loan products that will be offered to potential entrepreneurs through the Federation of Thai Industries, with a total loan target of no less than 5,000 million baht to ensure access to funding for environmentally friendly projects. Siam Commercial Bank has introduced Sustainable Business Financing with a special interest rate of 3.25% (for the first year) and a repayment period of up to 10 years. Additionally, it includes a maximum revolving loan limit of 50 million baht without collateral and a clean energy vehicle leasing loan with a maximum limit of 30 million baht, repayable over 5 years.

The transition to a low-carbon economy is not just a trend; it is becoming a new lifeline for industries. Siam Commercial Bank is ready to be a partner in supporting customers in moving towards environmentally friendly businesses. The Sustainable Business Loans will help SMEs reduce long-term costs and achieve tangible reductions in greenhouse gas emissions by utilizing this new funding to install various energy-saving equipment, such as solar panels, wastewater treatment systems, electric vehicle charging stations, and converting waste into energy. These changes will help open up opportunities to access customers and partners who prioritize environmental concerns, enhancing future business competitiveness.

Siam Commercial Bank continues to support SME customers in adapting to a low-carbon economy by providing knowledge through seminars and sustainability courses, along with monitoring and measuring greenhouse gas emissions from the operations of participating entrepreneurs under the “Start to Survive” project, which continues the concept of “Live Sustainably.” The goal is for all SMEs to transition to environmentally friendly businesses.