StanChart completes e-bank payment obligation transaction under URBPO
Standard Chartered has completed a trade finance transaction with the bank payment obligation (BPO) for a leading polymer sales and marketing company in Thailand.
Standard Chartered has completed a trade finance transaction with the bank payment obligation (BPO) for a leading polymer sales and marketing company in Thailand.
The Small and Medium Enterprise Development Bank (SME Bank) in Thailand is seeking the Finance Ministry's guarantee for its planned bond issuance worth up to 10 billion baht as part of its business rehabilitation plan, according to president Manoonrat Lertkomolsuk.
SME Bank announced special factoring arrangements for SME suppliers, involved in the government's rice-pledging scheme.
Thailand's Kasikornbank (KBank) has limited its lending in China to 2.2 billion yuan this year, a change from the previous target of 2.8 billion yuan, as it focuses on trade finance to lower its exposure to risk from slower growth of the Chinese economy.
Thai Siam Commercial Bank announced it plans to increase its trade finance share by 1pc this year, despite the market s slowdown.
CIMB Thai Bank is now targeting small and medium-sized importers for its trade finance products after exporters became less active because of the baht's appreciation.
SME Bank restructuring strategy wins Finance Ministry’s support.