Exim bank optimistic for Thai exports this year


The Export Import Bank of Thailand (EXIM Bank) has affirmed it is enacting government policy and providing full support for traders and investors, setting a new loan target of 35 billion baht.

Interim President of Exim Bank, Khematat Saichuea, has forecast that Thai exports will grow by 5 percent this year as the Kingdom has strong trading partners within the CLMV region, which consists of Cambodia, Lao PDR, Myanmar and Vietnam. Other positive factors include state assistance of small and medium enterprises while the only risk for the sector is volatile currency values.

The president stated that Exim Bank’s strategy for the year continues to be supporting international trade by enhancing the competitiveness of Thai exporters and investors. It is also planning to foster greater domestic investment. The bank has set its loan target for this year at 35 billion baht, up from 23.07 billion baht last year.