Bank of Thailand Extends Asset Buyback Deadline for 400 SMEs to End of 2027
The Bank of Thailand extended the asset repurchase deadline to end of 2027 for about 400 small and medium enterprises struggling to recover from COVID-19 impacts and ongoing economic pressures.
Bank of Thailand Governor Withai Rattanakorn announced that the central bank is extending the asset repurchase rights deadline under the "Asset and Debt Relief" program—originally launched in 2021 to help businesses affected by COVID-19 and liquidity shortages—until December 31, 2027. Currently, approximately 400 participating entrepreneurs face deadlines beginning from July 2026, and the Bank of Thailand and government agencies are supporting financial institutions in providing financing options such as the "SMEs Secure+" credit line and low-interest loans from the Government Savings Bank. Many businesses, though committed to repurchasing their assets, are still recovering from economic pressures and the uncertainty stemming from Middle East tensions, requiring additional time to secure funding. The Bank of Thailand has therefore extended the asset buyback deadline to December 31, 2027, allowing viable businesses more time to raise capital and sustain operations. Business owners seeking to extend their repurchase deadlines are urged to contact their financial institutions promptly to comply with relevant procedures before their original contract terms expire. Those with sufficient liquidity and available funding can proceed with repurchasing assets on schedule to regain ownership more quickly.
