Bank of Thailand advances 3 mechanisms to unlock SME credit, targeting 200 billion baht in new loans per year

MacroRegulation
โดย Kaohoon·TH·Read original
Summary · why it matters

The Bank of Thailand is preparing to advance three key mechanisms to unlock credit for small and medium-sized enterprises, with measures to be rolled out gradually from December 2026 through 2027. They include the launch of a Credit Portal in December as a central platform to solve the problem of matching lenders with potential customers; a new credit guarantee mechanism that draws money from the Financial Institutions Development Fund, or FIDF, to set up a guarantee fund alongside the Thai Credit Guarantee Corporation, or TCG; and the use of alternative data such as water and electricity bills and e-Statements to analyse debt-servicing capacity. For this new credit guarantee mechanism, the Bank of Thailand aims to help extend 100 billion baht in loans per year, which combined with the TCG mechanism's another 100 billion baht per year will result in a total of 200 billion baht in new loans entering the system each year. The Bank of Thailand plans to submit the details to the Minister of Finance for consideration within three to four months, with operations expected to begin in 2027. DAOL Securities Thailand, or DAOL, assesses that this new round of measures will encourage banks to lend more to SMEs and will bring down the NPL trend for the SME segment. The project is a continuation of assistance from the SME Credit Boost programme launched in late 2025, which by the second quarter of 2026 had extended about 60 billion baht in loans, or 70% of the total credit line. Every additional 100 billion baht in new loans will raise total system credit by about 1%. Currently the bank with the largest share of SME loans is KBANK at 24%, followed by SCB at 15%, BBL at 15%, KTB at 10% and TTB at 7%. DAOL maintains an overweight stance on the banking sector, picking KTB with a target price of 50.00 baht and KBANK with a target price of 270.00 baht as its top picks, and expects KBANK to benefit most from this news.

Impact on stocks 5

Financials▲ · 3 stocks
Kasikornbank Public Company Limited
KBANK
▲ PositiveMonetaryrelevance

KBANK is the largest SME lender at 24% share, so BoT's new credit guarantee and portal mechanisms should lift its SME loan volumes and reduce NPLs.

Digital Finance & Tokenization▲ · 2 stocks
Bangkok Bank PCL
BBL
▲ PositiveMonetaryrelevance

BBL holds 15% of SME loans and stands to gain from BoT's credit-unlocking measures that boost SME lending and lower SME NPLs.

SCB X Public Company Limited
SCB
▲ PositiveMonetaryrelevance

SCB holds 15% of SME loans and is positioned to expand SME lending and see lower SME NPLs under the BoT measures.

Off-coverage companies 1

Thai Credit Guarantee CorporationPrivate± Mixed
relevance

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