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Export-Import Bank of Thailand (EXIM
Thailand) is a financial institution wholly owned by the
Royal Thai Government under the Ministry of Finance’s
supervision. EXIM Thailand was established by the
Export-Import Bank of Thailand Act B.E. 2536 (1993)
which became effective on September 7, 1993. According
to the Act, the initial capital of 2,500 million baht
was paid by the Ministry of Finance and the Bank of
Thailand. Following rapid business expansion, the Bank’s
capital was increased with the Ministry of Finance’s
additional contribution of 2,500 million baht and 1,500
million baht in April and July 1998, respectively. |
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Under the Export-Import Bank of Thailand
Act, EXIM Thailand is empowered to engage in various
business undertakings. EXIM Thailand can offer
short-term as well as long-term credits, either in
domestic or overseas markets, in baht or any foreign
currency denominations. In mobilizing funds, EXIM
Thailand can borrow from local or overseas financial
institutions, as well as issue short-term or long-term
financial instruments for sale to financial institutions
and the general public, both domestically and
internationally. Essentially, EXIM Thailand can engage
in any financial activities customary to commercial bank
practices, except for accepting deposit from the general
public.
EXIM Thailand officially started its operation on
February 17, 1994.
In November 1999, the Export-Import Bank of Thailand Act
(No.2) B.E. 2542 (1999) was enforced to clarify and
expand the Bank’s objective and scope of operation with
regard to investment promotion and support. The
amendment enabled the Bank to provide more comprehensive
support to Thai investors overseas as well as local
investors in business relating to export or business
which earns or saves foreign exchange. |
