THAI and SCB sign 8 billion baht long-term loan agreement

Mr. Piyasvasti Amranand, President of Thai Airways International, stated that this loan is part of its fundraising plans designed to strengthen the Company's business operations and said, "THAI has looked to SCB for financial solutions because their proposed conditions have been proven effective, and because we have confidence in the Bank's expertise."

Dr. Vichit Suraphongchai, Chairman of the Executive Committee, Siam Commercial Bank noted that, "We are pleased that THAI has expressed its confidence in the Bank and allowed us to provide them with an 8 billion baht term loan, including an amendment of 5 billion baht credit facility granted earlier. This financing is in line with the Bank's policy of becoming The Premier Universal Bank and Total Solution Provider serving large corporations. This collaboration also marks a mutual effort between the two institutions in propelling sustainable success, and reaffirms the strong ties between the two companies, ties that go back more than 30 years."

Photo Caption: Mr. Piyasvasti Amranand (2nd from left), President of Thai Airways International, and Dr. Vichit Suraphongchai (center), Chairman of the Executive Committee, Siam Commercial Bank, sign a long-term loan agreement calling for SCB to support THAI with an 8,000 million baht term loan facility and an amendment of 5,000 million baht in accommodated credit facilities granted earlier to enhance its business potential. Also present were Mr. Kaweepan Raungpaka (far left), THAI's Executive President of Finance and Accounting, Mrs. Kannikar Chalitaporn (2nd from right), President of Siam Commercial Bank, and Mr. Arthid Nanthawithaya (far right), Executive Vice President of Corporate Banking Group 2, Siam Commercial Bank