Bangkok--29 Jun--SCB
Siam Commercial Bank (SCB) has been appointed as the mandated lead arranger for a 4.01-billion-baht syndicated loan with Krung Thai Bank (KTB) enhance performance efficiency of Index Living Mall and fulfill its business expansion goal of becoming Asia's home furnishings and decorations market leader locally and overseas
SCB Senior Executive Vice President Arthid Nanthawithaya said the Bank is very proud of being entrusted by Index Living Mall to act as the lead arranger for the fund mobilization to accommodate its business expansion plans. SCB had therefore collaborated closely with the company to understand its business structure and financial needs.
SCB joined with KTB to arrange the loan since it realizes the need to promote the Thai business growth and competitiveness for the sake of the country's economic development. In addition, given the company's vision and experience as the industry leader, the Bank is confident that Index Living Mall's management will be able to sustain the firm's business growth and fulfill its business goals.
KTB Senior Executive Vice President Wet Nutcharoen said the bank believed its loan support for Index Living Mall would contribute to the strengthening of businesses owned by Thai people. It would provide people in various regions an opportunity to use high quality home furnishings and decorations and create a large number of jobs. Simultaneously, it would earn the country currency revenue from the company's exports of its products to overseas destinations. KTB remains committed to extending its loan support for Thai entrepreneurs through more than 980 branches and 63 business offices countrywide, he added.
Ms Kridchanok Patamasatayasonthi, Index Living Mall's Managing Director, revealed that the firm plans to increase the number of its branches both locally and overseas to ensure it emerges as the home furnishings and decorations market leader in Asia. To this end, it has entrusted SCB to act as the mandated lead arranger for raising funds through syndicated loan support with KTB in an amount of 4.01 billion baht. The proceeds will be used in support of the company's efforts to boost continued business growth, consolidate the company's leadership in the home furnishings market, and broaden its consumer base.
Aside from branch expansion, Index living Mall intends to develop products to ensure they have more design varieties and functions in all categories and improve innovations and services to satisfy all customer groups. It places emphasis on developing human resources in all areas to accommodate sustained business growth.