Bangkok--17 Dec--EXIM Thailand
EXIM Thailand forges ahead with consolidating its role as a development bank under the EXIM Thailand Act to support Thai exporters, importers, domestic and overseas investors while strengthening cooperation with the government and private sectors, trade representatives as well as other financial institutions.
In a press conference to announce EXIM Thailand’s Business Policy for 2011, Mr. Kanit Sukonthaman, EXIM Thailand’s President, has revealed that the Bank will fully adopt its mandate as a “development bank” taking advantage of its alliance with the government and private sectors such as Ministry of Commerce, Office of the Board of Investment (BOI), trade representatives, specialized financial institutions as well as commercial banks. Three key business areas include: 1) Trade Finance to promote export and import transactions, 2) Project Finance for Domestic and Overseas Investments to support investment projects conducive to Thailand’s economic growth and 3) Export Credit Insurance, which is a unique characteristic of the Bank as Export Credit Agency. The Bank will streamline its internal process to enhance customers’ satisfaction and prepare for future expansion of the facility.
EXIM Thailand’s strength lies in its ability to secure funding sources abroad. This has enabled the Bank to effectively serve as the government’s arm to provide financial support to Thai entrepreneurs expanding their business transactions or production bases in the global trade arena. With ASEAN emerging as one under the ASEAN Economic Community by 2016, the Bank is prepared to boost Thai exporters’ competitive edge over their foreign counterparts, whose presence in this region will become more pronounced as they reap their share of benefits from the increasing integration of the ASEAN economies.
For further information, please contact Public Relations Division, Office of Top Management
Tel. 0 2271 3700, 0 2278 0047, 0 2617 2111 ext. 1140-7