Cabinet approves THB4.1bn for EXIM Bank to support SME loans
The Cabinet on Tuesday approved a capital injection of 4.189 billion baht for the Export-Import Bank of Thailand (EXIM Bank), as proposed by the Finance Ministry. The money will be allocated by the Specialised Financial Institution Development Fund (SFIF), said government spokesperson Ratchada Thanadirek.
EXIM Bank can use the money to support SME loans for investment in trading, both domestically and internationally. The Cabinet wants Thai SMEs to invest in three market segments – domestically, in the CLMV (Cambodia, Laos, Myanmar, Vietnam) and new-frontier markets such as Indonesia, Malaysia and the Maldives. This strategy accords with the 5-year policy of Specialized Financial Institutions (2021-2025).