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SME D Bank raises the flag to “replenish capital for development” creating a new high for 4 consecutive years.

Bangkok: SME D Bank announces successful results for 2023, revealing that it will lead SMEs to capital sources of more than 70.6 billion baht, creating more than 1 trillion baht in circulation in the economy while efficiently managing NPLs . Remaining the lowest in 22 years. Announcement of 2024, raising the level to the digital era completely. Kickoff uses the CBS system with the DX platform , ensuring a seamless move forward. Miss Narthanaree Rattapat, Managing Director The Small and Medium Enterprise Development Bank of Thailand (SME) or SME D Bank discussed the bank's performance in 2023 and the overall picture for the entire 4 years (2020-2023) that from the standpoint of being a specialized financial institution of state that is ready to support and support Thai SME entrepreneurs to achieve sustainable growth with the "Add capital for development" approach combined with determination Dedication of the committee Executives and employees who join forces as ONE Team, resulting in the year 2023, SME D Bank has set a new high (New High) since the bank was founded in 22 years, able to bring SME entrepreneurs access to capital sources. More than 70,695 million baht and is also creating a New High for 4 consecutive years (2020-2023). It also helps create more than 323,780 million baht of money circulating in the Thai economy, maintaining employment of approximately 123,200 people. In addition, it helps develop and strengthen businesses. Over 24,000 cases During 2020-2023, in which SME operators must be under the COVID-19 situation, SME D Bank helps to take care of SME operators closely and continuously. To be able to support the business and get through difficult times By adding more than 231,250 million baht to help SME entrepreneurs, creating benefits, creating more than 1 trillion baht of money circulating in the economy, and helping maintain employment for approximately 752,345 people, along with helping to develop and enhance potential. Allowing entrepreneurs to quickly adapt and revive their businesses. Thro ugh various activities such as training and seminars, helping to expand the market and raise standards. Support access to innovation Bring matching to increase sales channels at home and abroad, etc. There are more than 75,000 SME entrepreneurs participating and receiving benefits. It also takes care of customers affected by the COVID-19 situation. Passed the sustainable debt restructuring measures (blue-orange) of the Bank of Thailand (BoT), more than 83,520 cases, totaling more than 145,240 million baht, and able to effectively manage non-performing debts (NPLs). Reduced for 4 consecutive years, remaining in the single digits for 2 years in a row, by 2023 it will be reduced to approximately 8,690 million baht, accounting for 8.3%, which is the lowest in 22 years. Over the past 4 years, SME D Bank has increased efficiency. Raise the level of work and develop loan products to meet needs. Improve the loan approval criteria to be consistent with the actual situation. Along with creating the DNA of being a "de veloper" or DEVELOPER in the hearts of every executive and officer. In order to lead SME entrepreneurs to grow strongly and sustainably. For 2024, the work of SME D Bank has been raised to another level. Bringing the new digital system or Core Banking System (CBS) that has been developed continuously for over 2 years into official use. Able to provide complete financial services to SME entrepreneurs, anywhere, anytime, 24 hours a day, convenient, fast, and secure. In addition, there is a DX (Development Excellent) platform that will be officially launched by March 2024, which It is a system for developing intelligent entrepreneurs. Create a society of e-Learning, study by yourself 24 hours a day, can consult with professional coaches one-on-one, as well as help increase channels for expanding the market. In addition, it also applies ESG principles (stewarding the environment (Environment), social responsibility (Social) and good corporate governance (Governance) to drive every dimension of the organization. Build confidence, transparency, reduce inequality, create opportunities, and create value for the economy, society, and environment. Miss Narthanaree In closing, he said that even though on March 1, 2024, his 4-year working term in the position of Managing Director will be complete. But with the solid foundation of the organization and the executive team at the deputy managing director level and Assistant Managing Director They are all internal personnel who have worked together to push the organization up a notch. and is still an important force in driving the organization forward. This allows every aspect of SME D Bank's work to move forward smoothly. and believe that SME D Bank is ready to be an important force in supporting SME entrepreneurs thoroughly and even more To create stability and sustainability benefits for the people, society, economy, and environment of Thailand forever Source: Thai News Agency