Bangkok, EXIM BANK reveals that in 2023 loan amounts rose to a record high, moving forward to drive a low-carbon society. Exporters fear volatility Risk insurance 180 billion baht Dr. Rak Worakijpokathorn, Managing Director The Export-Import Bank of Thailand (EXIM BANK) announced its 2023 operating results that EXIM BANK issued new loans of 70,628 million baht, of which 10,792 million baht were SMEs, with outstanding loans of 175,604 million baht, an increase of 7,273 million baht or 100 percent. 4.32 each compared to the previous year. The highest since opening for business in 1994, accounting for more than two-thirds of total investment loans, 120,970 million baht, an increase of 0.6 percent, emphasizing the role of the "Green Development Bank" for development. EXIM BANK's outstanding environmentally friendly loans increased to 62,278 million baht, accounting for 35.46 percent of all outstanding loans. and an increase of 33.65 percent from the previous year, of which 12,644 million baht were SMEs, with EX IM BANK focusing on developing green financial tools (Green Finance) in fundraising with SME Green Bonds worth 3,500 million baht and financial innovations such as loans. Solar D-Carbon Financing, EXIM Green Start loan, increases liquidity for green businesses, pushing Thailand to reach its goal of reducing net zero greenhouse gas emissions (Net Zero Emissions). In addition, EXIM BANK has joined forces with a network of partners both domestically and abroad. Lead Thai businesses to expand trade and investment to foreign markets. At the end of 2023, there were outstanding loans. International projects, 49,299 million baht, lending in CLMV countries (Cambodia, Lao PDR, Myanmar, and Vietnam) and New Frontiers, 40,675 million baht, accounting for 23.16 percent of all outstanding loans. amidst the world economic situation There is still high uncertainty. and the unrest situation in many countries, EXIM BANK also hastened to strengthen confidence and risk immunity for Thai exporters through export and investment insurance services. At the end of 2023, EXIM BANK had a business volume Guaranteed exports and investments of 179,557 million baht, an increase of 6.03 percent from the previous year, considered the highest on record. Meanwhile, EXIM BANK places importance on financial management for sustainability. There were 8,157 million baht of non-performing loans or NPL Ratio at the end of 2023 equal to 4.65 percent. Therefore, a reserve of 15,556 million baht was set aside. As a result, at the end of 2023, EXIM BANK had a net profit of 3,210 million baht, an increase of 17.27 percent. Compared to last year Net profit was 456 million baht. EXIM BANK therefore continues to reinforce its role as a Green Development Bank by developing new financial instruments in many areas, such as the Blue Bond to support businesses that conserve marine resources. Products supporting carbon reduction, Scope 1-2-3, moving towards carbon neutrality by 2030, expanding the scope of services such as investment banking, giving clients access to other sources of capital, supporting SMEs to adapt and compete. on the world stage Driving the development of innovation and the digital economy Continuing the development of Thai industry into the future . Source: Thai News Agency
