EXIM Thailand Launches New Year Schemes for Exporters Helping SMEs Reduce Cost and Debt and Access Financial Facilities for Export Business Improvement

Announcement date 19 December 2019
Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand (EXIM Thailand), launched new product programs called “EXIM Liquidity Enhancement for Exporters”, long-term loan for SMEs exporter carrying a maximum 7-year tenor, credit line of up to 20 million baht per borrower, and an interest rate of 3.99% per annum for years 1-2. Moreover, the Bank also launched “EXIM Relieving Debt Burden for Clients” for SME clients. For long-term loan clients, a loan rescheduling can be approved for up to two years. In case of rescheduling for not more than one year, the Bank will grant a reduction of interest rate by 0.125% per annum. As for short-term loan clients, an increase in loan drawdown proportion and reduction of interest rate will be granted. The measures are aimed to support both new and existing clients in all sectors, so that they have higher business liquidity and lower debt burden as well as developing their products and services for higher value added and higher competitive edge to cope with global market uncertainties going into 2020.