Exim Bank reports 2.25% rise in nine-month net
Export-Import Bank of Thailand registered a net profit of Bt1.179 billion for the first nine months of this year, increasing 2.25 per cent from Bt1.153 billion in the same period last year.
At the end of September, total credit outstanding amounted to Bt73.733 billion, rising from Bt70.066 billion in the corresponding period of 2014. The proportion of non-performing loans stood at 6.49 per cent, accounting for Bt4.785 billion.
Provisions for doubtful accounts totalled Bt5.453 billion, Bt2.814 billion of which was set aside to comply with the Bank of Thailand’s regulations, representing a ratio of loan-loss provision against the BOT’s requirement of 193.79 per cent.
Kematat Saicheur, Exim Thailand’s acting president, said the bank’s core business consisted of two main facilities: financing and insurance. During the first nine months of 2015, business turnover derived from the bank’s financing activities amounted to Bt103.305 billion. Loans outstanding accounted for Bt73.733 billion while new loan disbursement totalled Bt15.937 billion.
Business turnover under export credit insurance and investment insurance accounted for Bt49.238 billion, of which Bt6.951 billion came from business with small and medium-sized enterprises, or 14.12 per cent of the overall insured amount.
Insurance outstanding accounted for Bt16.21 billion at the end of September.
Giving priority to SME exporters, Exim Thailand has fostered cooperation with public and private agencies, resulting in an expansion of the bank’s SME customer base to more than 80 per cent of the overall customer portfolio.
Exim Thailand’s new loan approvals amounted to Bt27.427 billion, with an aggregate lending approval of Bt67.01 billion, while loans outstanding extended to SME exporters amounted to Bt23.263 billion.
With respect to Exim Thailand’s role in supporting the government’s strategic plans and policy, including renewable-energy development, telecommunication-related infrastructure development, and merchant-marine and logistics financing, the bank approved new term loans for national development projects in the amount of Bt10.688 billion with an aggregate loan-approval amount of Bt45.882 billion. Outstanding loans amounted to Bt25.98 billion as of the end of last month.
In sync with Exim Thailand’s vision to become "a bank that paves the way for new opportunities for Thai businesses in the global arena, particularly in the Asean Economic Community", the bank approved AEC intra-regional trade and investment financing facilities in the amount of Bt88.043 billion. New loan approvals accounted for Bt23.375 billion while loans outstanding at the end of September were Bt41.728 billion.
In addition, risk-mitigation facilities to promote investment in the AEC expanded consistently, reaching Bt26.085 billion.
Kematat said the bank signed a memorandum of understanding in September with 18 state and commercial banks on the government’s soft loan programme to support and increase SMEs’ capability and competitiveness.
In addition, the bank has continued to focus on offering full-fledged financial support to exporters, export-related entrepreneurs, investors, and particularly small-scale entrepreneurs wishing to commence or expand their export businesses.
Exim Thailand’s products include SMEs Export Delight, SMEs Border Trade, SMEs Relocation and Expansion, Financing Facility for Special Economic Development Zones, Buyer’s Plus Supplier’s Credit, SMEs Start-up Credit, SMEs R&D and Innovation Credit, as well as Export Credit Insurance and Investment Insurance to mitigate non-payment risks, and Foreign Exchange Forward Contact.
