Mr. Ittipol Lertsakthanakul. Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), along with Mr. Pornchai Thiraveja, Director General of Fiscal Policy Office, Ministry of Finance, and executives from other government agencies and specialized financial institutions under the Ministry of Finance's supervision, jointly held a press conference "State Banks Reduce First, Lighten Burden of People" at the Ministry of Finance on March 22, 2024. EXIM Thailand presented a range of products designed to enhance financial liquidity and reduce business costs for Thai entrepreneurs of all sizes and industries. Additionally, the Bank focused on transforming Thai businesses towards sustainability to enhance their competitiveness on the global stage, as follows.
- Products to Support Business Growth for Entrepreneurs :
- EXIM First Step Export Financing is a revolving credit with an initial interest rate of 5.75% per annum (Prime Rate -1.00% per annum) tailored for small-sized enterprises (Size S) across all industries interested in exporting or importing for export, with a maximum credit line of 10 million baht. Enjoy a special offer of 0.25% interest rate reduction in the first year by participating in various activities organized by EXIM Thailand.
- EXIM Export Ready Credit is a long-term loan designed to bolster business operations and enhance liquidity for entrepreneurs of all sizes and industries with an initial interest rate of 4.75% per annum (Prime Rate -2.00% per annum) and a maximum credit limit of 20 million baht. Entrepreneurs engaged in environmentally friendly businesses will benefit from a 0.25% interest rate reduction in the first year. - Products to support the transition to a digital society and sustainable businesses :
- EXIM Green Start offers a revolving credit line of up to 200 million baht with an initial interest rate of 4.50% per annum (Prime Rate -2.25% per annum) to enhance business liquidity for enterprises of all sizes and industries, with a focus on environmentally friendly businesses or those undertaking environmental projects. A special offer of a 0.25% interest rate reduction in the first year will be available to those participating in EXIM Thailand's required activities.
- EXIM Better Rubber Export Financing offers entrepreneurs in the rubber industry a maximum revolving credit line of 200 million baht with an initial interest rate of 4.25% per annum (Prime Rate -2.50% per annum) to support their rubber purchases and enhance liquidity. Entrepreneurs who meet the standards, marks, or traceability verification set by the Rubber Authority of Thailand (RAOT) will benefit from a 0.75% interest rate reduction throughout the project period.
- EXIM Extra Transformation offers a long-term loan with an initial interest rate of 5.25% per annum (Prime Rate -1.50% per annum) to assist Thai entrepreneurs in accessing capital sources for purchasing or upgrading machinery and equipment, renovating, refurbishing or constructing factory buildings, and purchasing robots and automation systems. Entrepreneurs participating in the robotics and automation industry development project to enhance competitiveness in Industry 4.0 or investing in the Eastern Economic Corridor (EEC) are eligible for a reduced interest rate of 0.50% per annum for the first year.
In addition, EXIM Thailand provides ongoing support measures to SMEs classified as non-performing loans (NPLs) from the COVID-19 period, in accordance with government policy.
- A 0.50% interest rate reduction for 3 months on principal and interest payments, or the option to pay only the principal with a 3-month interest-free period.
- An additional 1.00% interest rate reduction for 1 year in cases where debt can be paid regularly for 3 consecutive months, along with a 3-month grace period for principal payments.
EXIM Thailand is prepared to assist Thai entrepreneurs in improving liquidity, alleviating debt burdens and business costs, and adapting to sustainable competitiveness in the dynamic international trade landscape and emerging business opportunities. For further information, please contact the EXIM Contact Center at 0 2169 9999 or Email [email protected].
Source: Export-Import Bank of Thailand