The Export-Import Bank of Thailand is aiming for loan growth of five per cent and stable profit this year while continuing to perform its role as a development bank that helps narrow or close the financing gap left by commercial banks.
The International Finance Corporation (IFC) is to provide US$200 million in financing to Krungsri (Bank of Ayudhya), Thailand s fifth-largest commercial bank, to increase lending to SMEs.
Kasikornbank has struck a memorandum of understanding (MoU) with 19 partner banks in China, to jointly develop the largest Sino-Thai factoring service, which could boost lending by up to Bt29 billion.
Soros Sakornvisava, president of the Small and Medium Enterprise Development Bank of Thailand (SME Bank) who has been under the Finance Ministry's investigation into his past actions, has tendered a surprise resignation to Deputy Finance Minister Viroon Tejapaibul.
Small and medium-sized enterprises will face more hurdles in the second half of this year amid a gloomier global economy, while effects from the higher daily minimum wage will linger, according to bankers in Thailand.
Companies have rushed to buy export-credit insurance from the Export-Import Bank of Thailand (Exim Bank) as they try to protect themselves against the persisting crisis in the euro zone, according to recent figures.
