(From left) Mr Sathit Boonchalok, Head of Product Management, Business Banking, Mr Wutisak Ongpatanakul, Head of Sales and Distribution, Business Banking, Ms Sayumrat Maranate, Head of Business Banking, UOB Thailand, Mr Surong Suwanwanij, First Executive Vice President, Asset Management Line, SAM, Mr Pitaya Anurakpradorn, First Vice President, Corporate Strategy and Development Department, SAM, and Corporate Strategy and Development Department Team, SAM
Bangkok, 4 November 2024 –Sukhumvit Asset Management Co., Ltd. (SAM) and UOB Thailand have recently signed a Memorandum of Understanding (MoU) to support SME entrepreneurs seeking to invest in business premises through a dedicated property loan programme.
The MoU aims to assist SMEs interested in purchasing business properties, such as factories, warehouses, commercial buildings, and more, from SAM. UOB Thailand will offer business loans to finance these purchases, offering competitive interest rates, extended repayment terms, and tailored conditions to help entrepreneurs expand their business operations.
Mr Surong Suwanwanij, First Executive Vice President, Sukhumvit Asset Management Co., Ltd. (SAM) said “This partnership between SAM and UOB, through the business property loan programme, not only helps SMEs acquire SAM’s extensive portfolio of non-performing assets (NPAs) located in prime areas nationwide, but also provides them with access to affordable financing options. Additionally, this initiative facilitates the reintegration of unused NPA properties back into the economy, allowing them to be utilised to their full potential and ultimately contributing to the country’s overall economic growth.”
Ms Sayumrat Maranate, Head of Business Banking, UOB Thailand, said “UOB recognises the increasing need for SMEs to access property loans to expand their business operations. This collaboration with SAM will enable entrepreneurs looking to purchase business properties from SAM to benefit from competitive interest rates and loan terms of up to 30 years, making it easier for SMEs to secure the necessary financing.”
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