TMB Bank and Okazaki Shinkin Bank have joined hands to facilitate Thai and Japanese SMEs in the automotive industry, trade and financial services.
Piti Tantakasem, CEO for business clients, said that both banks have adjusted their service standards for greater connection.
Okazaki Shinkin Bank is based in Aichi Prefecture, the centre of Japanese automotive industry which locates many manufacturers including Toyota Motor Corporation.
"We see the growing opportunity, thanks to the government's first-car policy which should help push this year's vehicle sale target to 1.2 million units or a 51 per cent increase from last year. Japanese small and medium-sized suppliers would demonstrate huge growth," Piti said.
TMB also plans to further extend its network in Japan, to support economic expansion in Asean. It has set up a business unit to facilitate Japanese investors. Last year, TMB also signed a cooperation pact with Towa Bank.