Export-Import Bank of Thailand-front sign

The Export–Import Bank of Thailand (EXIM Thailand) ( th, ธนาคารเพื่อการส่งออกและนำเข้าแห่งประเทศไทย (ธสน.)) is a state-owned bank headquartered in

Bangkok Bangkok, officially known in Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estimated populati ...

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is b ...

. The bank's fiscal year runs from 1 January to 31 December.

History

EXIM Thailand began operations on 17 February 1994. It was established with 2.5 billion

baht The baht (; th, บาท, ; sign: ฿; code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. SWIFT ranked the Thai baht as the 10th-m ...

in initial capital by the "Export–Import Bank of Thailand Act B.E. 2536 (1993)", which took effect on 7 September 1993. Under the act, EXIM is permitted to engage in a range of business undertakings. EXIM Thailand can offer short-term as well as long-term credits, either in domestic or overseas markets, in baht or any foreign currency. The bank is empowered to borrow from local or overseas financial institutions, as well as issue short-term or long-term financial instruments for sale to financial institutions and the general public, both domestically and internationally. EXIM has the freedom to engage in any financial activities typical of commercial bank practices, except it cannot accept deposits from the general public. In November 1999, the "Export–Import Bank of Thailand Act (No. 2) B.E. 2542 (1999)" was issued to clarify and expand the bank's scope of operation. The amendment enables EXIM to provide more comprehensive support to Thai investors overseas as well as local investors in businesses relating to export or businesses which earn or save foreign exchange.

Mission

Provide financial support to Thai businesses, particularly

small and medium-sized enterprises Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank ...

(SMEs), involved in international trade, with particular focus on the ASEAN Economic Community (AEC), to improve their access to financial resources. The cover of the EXIM annual report for 2014 states that, "EXIM Thailand provides financial support and risk protection for Thai exporters, importers and investors under the auspices of the government's strategic policies."

Performance

As reported in the ''EXIM Annual Report 2014'', the latest available as of January 2016, EXIM's total assets were 78,341 million baht, net profit was 1,516 million baht, and outstanding loans totaled 73,168 million baht.

References

External links

Official Webpage

Official Webpage of the Ministry of Finance (Thailand)
{{DEFAULTSORT:Export-Import Bank of Thailand Banks of Thailand Companies based in Bangkok State enterprises of Thailand Foreign trade of Thailand Export credit agencies