Cabinet to mull credit guarantee agency

Quick Summary:

The plan to establish the National Credit Guarantee Agency (NaCGA), a new institution designed to offer credit guarantees for businesses and individuals, is expected to be submitted to the cabinet this month.

Mr Paopoom compared NaCGA's guarantee to car insurance, where the premium depends on the individual's risk behaviour.

According to Deputy Finance Minister Paopoom Rojanasakul, creating NaCGA as a component of the country's financial ecosystem is likely to be presented for cabinet consideration on Aug 13.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Guarantee Smes Financial Nacga Guarantees Credit Insurance Cabinet Ministry Risk Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 05:04:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 808 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22022316

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