Bangkok--Jan 25--EXIM Thailand
Export-Import Bank of Thailand (EXIM Thailand) restructured its organization and set up a new department to especially cater for SME businesses and small entrepreneurs and help them to reach into global market, following the Government’s policy in sustaining the country’s economy with the strength of SME entrepreneurs.
Mr. Sataporn Jinachitra, EXIM Thailand President, revealed that the Bank is now implementing its 2005 business plan that focuses on two aspects of its operation. The first aspect to be emphasized in 2005 is the growth of the Bank’s lending total by 12% from that of 2004 with special concentration on five industries, namely, food, automobiles, jewelry, merchant marine, and furniture. The second aspect of particular attention this year is the development of SME entrepreneurs according to the Government’s policy in restructuring and developing Thailand’s economy with special interest in SME development. The Bank’s role in 2005 will also cover more coordination with related authorities in order to arrange activities to achieve such goal. On EXIM Thailand’s part, the Bank has restructured its Strategy and Public Coordination Department to set up a special unit to coordinate with inside and outside agencies concerning activities to educate, advise and train potential new exporters. Actually, such activities have long been carried out by the Bank but more attention and resources will be given this year in order to strengthen and sharpen Thai exporters’ competitive edge in every possible aspect.
EXIM Thailand President added that the Bank also established the new “Small Business Development Department” that is responsible for advisory service and specialized services for small or new exporters. The advisory service provided by the new department includes suggestion of information sources as well as introducing the relevant government units, international business undertaking, and document preparation for international payment. Furthermore, the department is also in charge of SME entrepreneur development and coordination with agencies in public and private sectors that are related to SME exporter promotion; so that the Bank can further assist Thai exporters in establishing themselves in the international market and mastering their skills and knowledge about changes in the ongoing business environment, along with providing financing and export credit insurance facilities.
About Export-Import Bank of Thailand
Export-Import Bank of Thailand is a financial institution wholly owned by the Royal Thai Government under the Ministry of Finance’s supervision. The Bank was established by the Export-Import Bank of Thailand Act B.E. 2536 (1993) which empowered the Bank to engage in any financial activities customary to commercial bank practices, except for accepting deposit from the general public. The Bank’s objective is to provide financial services to strengthen the competitive edge of Thai exporters and investors abroad while contributing to the earning or saving of foreign exchange.
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