EXIM Thailand leaps forward to support export SMEs to enter regional leadership targets

HoonSmart.com >> Export-Import Bank of Thailand showcases a huge leap in the past five years, achieving the goal of enhancing roles both at home and abroad. Leading a regional organization in 2022 and moving towards the global level. Year 20 performance has a profit before provision of 2,250 million baht, the expected credit loss allowance ratio of 232.44% is high.

Mr. Phisit Sereewiwattana Managing Director Export-Import Bank of Thailand (EXIM Thailand) announces operating results for the year 2020 and corporate role adjustment Considered to grow in all areas according to the strategic plan, which in the past 5 years has grown at a leap And achieved the goal of becoming a regional Export Bank (ECA) leader in 2022 and Phase Two is a global enterprise in 2027.

“We have hired a consultant to play a different role in a bank than commercial banks. What would the 10-year plan be, which the Minister of Finance agreed and supported? Funded to play a bigger role Great growth since the year 2016-present And is important for the country This is reflected in the value of support for Thai trade and investment transactions to gross national income (GNI) at 1.6%, higher than the other ECA in ASEAN which is 0.5-0.7% and 2027 aims to support Thai investment trade towards GNI at 2.4%, ”said Pisit.

The Bank has continually encouraged Thai entrepreneurs to expand their exports and invest abroad. Especially in new market countries Both inside and outside ASEAN To bring foreign currency into And build a supply chain As a result, the outstanding loan balance grew 84% from 73,540 million baht at the end of 2015 to 135,228 million baht at the end of 2020, growing an average of 13% per year, with SMEs loan outstanding up 86% from 16,883. Million baht is 31,461 million baht or an average of 13% per year as well.

At the same time, the number of customers grew 163% from 1,631 to 4,282, an average of 21% per year, while SMEs customers increased 194% from 1,192 to 3,507, an average of 24% per year, representing 15% of support for SME exporters. Of SMEs entrepreneurs in the country aiming to increase to 30% while the outstanding loan balance in new markets including Cambodia, Lao PDR, Myanmar and Vietnam or CLMV has grown 53% from 26,022 million baht to 39,754 million baht, an average 9 % Per year

In terms of performance in 2020, outstanding loans were 135,228 million baht, an increase of 13,360 million baht or 11% compared to 2019, divided into 36,093 million baht for trade loans and 99,135 million baht for investment loans, resulting in a total business volume of 168,035. Million baht is the business volume of SMEs, amounting to 60,689 million baht, approximately 36% of the proportion, including support for hedging in trade and investment abroad. The volume of insurance service accumulated business increased 105% from 66,018 million baht in 2015 to 135,071 million baht in 2020 (average 15% per year) and compared to 2019 increased 13,699 million baht or 11%.

The NPLs ratio at the end of 2020 stood at 3.81% from the amount of NPLs of 5,153 million baht, increasing in line with the economy. And according to the new Financial Reporting Standard (TFRS 9), the bank has an expected credit loss allowance of 11,977 million baht, representing the credit loss allowance ratio. Expected to occur to NPLs (Coverage Ratio) 232.44%, resulting in a profit before expected credit loss in 2020 and other reserves of 2,250 million baht. That is expected to happen This increased in line with the external economy with high risk, causing EXIM Thailand to have a net loss of 1,340 million baht.

The bank has four representative offices in the CLMV group (Cambodia, Laos, Myanmar, Vietnam), and Vietnam recently received a license to establish a representative office in Ho Chi Minh City, Vietnam in December. By 2020, banks have stepped into digital banking. Apply technology and digital innovation in work processes and customer service.

The Bank also supports the development of the country’s infrastructure and industrial sectors. Especially in the target industries of the country (S-curve) and target areas such as the Eastern Special Development Zone (EEC) and Special Economic Development Zones (SEZs) are increasing continuously. Domestic loan outstanding grew 61% from 26,489 million baht in 2015 to 42,751 million baht in 2020, or an average of 10% per year, and compared to 2019, an increase of 7,237 million baht or 20%.

EXIM Thailand provides assistance to its clients and entrepreneurs both financial and non-financial. Which has been affected by the COVID-19 epidemic, especially SMEs, by a six-month moratorium on principal and interest debt since the beginning of 2020 and has launched a reorganization measure for customers suffering liquidity problems Ready to open a consulting clinic Online training seminars and business matching for entrepreneurs interested in starting or expanding their export business at the end of December 2020 EXIM Thailand provided financial and non-financial assistance to 6,400 entrepreneurs with a total amount of approximately 55,000 million baht.

The Bank has a goal to develop a sustainable bank. Process improvement to optimize customer service and organizational management. Including the development of human resources throughout the career path And striving to create a balance between economic, social and environmental development by EXIM Thailand can manage finance and business Along with social and environmental risk management And adherence to the principles of good corporate governance for sustainability Until the organization still has a strong financial position

Mr. Pisit continued that the trend in 2021 EXIM Thailand continues to support exporters and investors to gain access to capital. And risk management tools in business operations Focus on supporting and developing entrepreneurs, especially SMEs entrepreneurs to be able to start and expand their businesses. Including remedies for the effects of COVID-19 Continue to help clients recover according to their business liquidity And issue measures to suspend payment “Principal-interest” in the red, orange and yellow areas, as well as extending the approval period for investment credit measures and increasing production efficiency. To help reduce costs and increase production efficiency in the long run.

For Mr. Pisit The term of managing director of EXIM Thailand will be completed at the end of January. 2021 After extending until the age of 60 from the first tenure since June 1, 2016.

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