On March 28, 2025, a powerful earthquake struck Thailand, causing widespread damage and disruption across various regions. The Thai Bankers' Association (TBA), under the leadership of Secretary-General Mr. Kobasit Duongdee, has stepped forward to offer immediate financial assistance to those affected by this natural disaster.
In a statement released shortly after the earthquake, Duongdee emphasized the association's commitment to supporting individuals and businesses grappling with the aftermath. He noted, "Sending debt and creating financial stability for individuals is an important mission of the Thai Bankers' Association and commercial banks." This initiative aims to alleviate the burden on debtors, ensuring they can navigate the financial challenges posed by the disaster.
As part of their response, the TBA and member banks are prepared to assist customers facing financial difficulties. This includes options for debt restructuring, long-term repayment adjustments, and new financial measures tailored to help those impacted by the earthquake. Customers are encouraged to reach out to their respective banks through branches or call centers to request assistance.
To streamline the process, the TBA is coordinating with its member banks to ensure that aid is delivered efficiently and effectively. Duongdee reassured the public, stating, "We are committed to providing timely and effective assistance to those affected by this disaster." He also expressed condolences to the victims and their families, reinforcing the association's dedication to supporting the community during this challenging time.
In a related effort, the Bangkok Metropolitan Administration (BMA) has announced its own relief measures for residents impacted by the earthquake. As of March 31, 2025, the BMA outlined a series of financial aid programs aimed at supporting those in need. The assistance includes:
- Rental assistance for partially damaged homes, offering 3,000 baht for one month.
- Rental assistance for completely damaged homes, providing 6,000 baht for two months.
- Funeral expenses for deceased individuals, with a maximum payout of 29,700 baht per case.
- Medical expenses for outpatient treatment, up to 2,000 baht.
- Medical expenses for inpatient treatment, up to 4,000 baht.
- Compensation for emotional distress, with a limit of 2,300 baht per person.
- Home repair assistance for families affected, up to 49,500 baht.
- Business support for those whose tools were damaged, with a maximum of 11,400 baht.
To access this aid, individuals must contact their local district office to obtain a certification of the disaster. They are then required to submit their application for assistance within 30 days from the date of the earthquake.
Furthermore, True Corporation has joined the relief efforts by partnering with the Thai Red Cross to facilitate donations for those affected by the earthquake in both Thailand and Myanmar. Through their platform, TrueMoney, individuals can easily contribute funds that will directly support relief efforts, including the provision of food, water, medical supplies, and essential items for recovery.
True Corporation has announced that the donation campaign will run until April 30, 2025, allowing generous individuals to make a difference during this critical time. Donations can also be made directly to the Thai Red Cross account designated for disaster relief, further expanding the avenues for public support.
As the situation continues to unfold, the Thai Bankers' Association, the Bangkok Metropolitan Administration, and various organizations are working together to ensure that those affected by the earthquake receive the assistance they need to rebuild their lives. The collective efforts of these entities reflect a strong commitment to community support and resilience in the face of adversity.
In conclusion, the response to the earthquake in Thailand highlights the importance of solidarity and support during times of crisis. With financial assistance measures in place, as well as avenues for public donations, the affected communities are not alone in their recovery journey. The collaborative efforts of banks, government agencies, and private corporations exemplify the spirit of unity and compassion that is vital in overcoming such disasters.
