To help increase access to finance for small businesses in Thailand, especially women-owned or led firms, IFC is providing an equity investment of up to US$23.8m (THB844m) as a cornerstone investor in an Initial Public Offering (IPO) of Thai Credit Bank Public Company Limited (Thai Credit).
IFC's first equity investment in a Thai bank will help Thai Credit—the only commercial bank in the country to dedicate financial services to the micro, small, and medium enterprise (MSME) segment—to expand its MSME portfolio and develop new products for this segment, especially women-owned or led MSMEs (WMSME).
