bangkok: EXIM BANK reveals that in Q3/2024, it will provide loans to support ESG at 36.65%, with outstanding debt and liabilities of 170,630 million baht, an increase of 3,000 million baht, supporting Thai exporters to the world stage. Dr. Rak Vorakitpokatorn, President of Export-Import Bank of Thailand (EXIM BANK), highlighted the bank’s third-quarter performance, emphasizing new loans totaling 34,290 million baht and a notable increase in outstanding loans and liabilities compared to the previous year.
According to Thai News Agency, EXIM BANK has strategically focused on supporting Thai businesses in expanding to the CLMV and New Frontiers countries, with loans and liabilities in these regions reaching 39,593 million baht. Under its role as a Green Development Bank, EXIM BANK has introduced green financial innovations, such as the EXIM Green Start loan, to assist SMEs in adapting to environmental trade measures.
EXIM BANK remains committed to aiding entrepreneurs, particularly vulnerable groups. It offer
s products like the EXIM Happy Export Credit and forward foreign exchange contract services to bolster the export sector and manage risks in fluctuating exchange rate environments. The bank also extends special measures for customers affected by floods, with assistance available until December 2024.
With global economic uncertainties, EXIM BANK is enhancing its insurance services to boost confidence among Thai exporters and investors. By the end of Q3 2024, the bank’s insurance business volume increased by 8.66% from the previous year, reaching 161,285 million baht. This expansion supports over 21,500 entrepreneurs, with a significant focus on SMEs, which comprise more than 80% of its 5,634 customers.
In terms of corporate governance, EXIM BANK reported a profit before provisions of 2,426 million baht and maintained a strong expected credit loss allowance. The Coverage Ratio stood at 205.83%, a measure to mitigate risks associated with economic slowdowns and geopolitical challenges.