Bangkok--22 Jul--EXIM BANK
In the first half of 2010, EXIM Thailand posted a net profit of 146 million baht, compared with the whole year target of 230 million baht. At the end of June 2010, the Bank had total assets of 63,199 million baht.
Mr. Somphan Eamrungroj, Acting President of Export-Import Bank of Thailand (EXIM Thailand), announced EXIM Thailand’s operating result for the 2010 first half year citing that the Bank approved new loans and export credit insurance to Thai exporters and investors in the total amount of 7,773 million baht. At the end of June 2010, the outstanding amount of the Credit Facility to Promote Employment in the Five Southern Border Provinces, comprising Yala, Pattani, Narathiwat, Satun and the 4 districts of Songkhla, namely Jana, Natawee, Sabayoy and Tepha totaled 205 million baht. This special facility was initiated under the MOU between EXIM Thailand, Krung Thai Bank Public Company Limited, Government Savings Bank (GSB), Islamic Bank of Thailand and Social Security Office.
During the first half of 2010, EXIM Thailand engaged in various development activities, such as, product development, business process and services improvement, including the launch of its new service “ASEAN+6 : Cash and Insurance.” The facility combines financing with free Export Credit Insurance service, specially for exports destined for ASEAN, China, Japan, South Korea, India, Australia, and New Zealand markets. Moreover, the Bank introduced the “Customer Service Center,” run by a specialized customer service team and an automated EXIM Phone Banking (Tel. 0 2271 2929) system.
“In the second half of 2010, EXIM Thailand will continue to strengthen its cooperation with the government and private sectors to expand its scope of financial services for the benefit of Thai exporters and business operators,” said Mr. Somphan.