THAILAND - BANKING - Islamic Bank seeks another soft loan for flood victims.

www.nationmultimedia.com - Islamic Bank of Thailand has asked the central bank to provide it with an additional Bt800 million in soft loans for re-lending to flood victims, president Thirasak Suwanayos said yesterday.
The bank also plans to lend more to support those wanting to do business in Asean.
Flood victims have already applied for loans worth Bt800 million, which is the amount previously made available to the bank under the flood-recovery scheme, he said.
His institution therefore intends asking for another Bt800 million from the Bank of Thailand because of high demand. Borrowers pay a fee of only 3 per cent annually to Islamic Bank for flood-related loans, he said.
The bank also plans to provide more loans to Thai enterprises wanting to do business in the region under the Asean Economic Community, which comes into effect in 2015.  (source)