EXIM Thailand Joins Hands with TCG and 18 Financial Institutions in Support for Thai SMEs to Access Financial Sources

Thursday 16 March 2023 10:04
EXIM Thailand Joins Hands with TCG and 18 Financial Institutions in Support for Thai SMEs to Access Financial Sources for International Business Start-up or Expansion
EXIM Thailand Joins Hands with TCG and 18 Financial Institutions in Support for Thai SMEs to Access Financial Sources

Mr. Arkhom Termpittayapaisith, Minister of Finance, presided over the signing ceremony of a Memorandum of Understanding (MOU) on the cooperation under the "Portfolio Guarantee Scheme (PGS10)," witnessed by Mr. Chuenchob Kongudom, Vice Minister attached to the Prime Minister (at the MOF), Mr. Piyabutr Cholvijarn, Chairman of Performance Agreement Sub-Committee (SubPAC) for State-owned Financial Institutions, Mr. Sanan Angubolkul, Chairman of The Thai Chamber of Commerce and Board of Trade of Thailand, Mrs. Vireka Suntapuntu, Senior Director of Specialized Financial Institutions Supervision and Examination Department, Bank of Thailand, and Mr. Kobsak Duangdee, Secretary General of the Thai Bankers' Association, and signing jointly made between Miss Sanisa Plangthrakul, Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), Mr. Sittikorn Direksoonthorn, President of Thai Credit Guarantee Corporation (TCG), and executives from 18 state-owned specialized financial institutions and commercial banks at the Ministry of Finance, on March 15, 2023. The PGS is an initiative under the public sector measure to help SMEs with good potential which require loans but have inadequate collaterals to get easier access to loans through TCG's credit guarantee mechanism. Meanwhile, EXIM Thailand is well-positioned to support SMEs with its "3 Fills" tool: Fill knowledge gap, Fill opportunity gap, and Fill capital gap, aiming to assist Thai entrepreneurs in their start-up or expansion of export-related businesses.

Source: Export-Import Bank of Thailand