EXIM Thailand Renews Investment Loans and Increases Production Efficiency Help related businesses export through the new coronavirus
Mr. Phisit Sereewiwattana Managing Director The Export-Import Bank of Thailand (EXIM Thailand) revealed that in the year 2020, EXIM Thailand issued credit measures for investment and production enhancement. By providing special interest rate loans to entrepreneurs in all industry groups The credit approval period ended in December 2020, the approved credit amount totaled more than 3 billion baht at the end of 2020.However, a new wave of COVID-19 epidemic has affected the Thai economy both directly and indirectly, EXIM. BANK responded to the policy from the government sector. Extension of time for approval “Credit Measures for Investment and Production Efficiency” to alleviate the suffering and help the entrepreneurs to continue their business. As well as preventing economic risks that may occur.
Credit Measures for Investment and Production Efficiency A long-term loan To assist entrepreneurs in export-related businesses Including importers of machinery and equipment to develop the country to access funding sources Or improve machinery and equipment Or add factory improvements Help reduce costs and increase production efficiency, maximum amount 100 million baht per person Interest rate 1-2 years equal to 2%, repayment period up to 7 years, including a grace period of 1 year. TCG guarantee fee for 4 years free! Front-end fee plus forward contract amount of 1.5 times the credit limit By extending the service period from now until 30 June 2021
“Extending the service period, credit measures for investment and increasing production efficiency It is part of EXIM Thailand’s measures package to help customers and businesses involved in exports from the effects of the COVID-19 epidemic. In addition to the debt suspension measure Principal – interest In the red, orange and yellow areas and business reorganization measures, customers who suffer liquidity from the effects of COVID-19 To help customers and potential entrepreneurs to continue their business and grow. Meanwhile, the bank will consider to relax and support customers with liquidity problems to extend the repayment period or receive debt restructuring. Delay NPLs in the banking system and drive the Thai economy and export sector to expand. We are ready to accept new business opportunities that will arise from the global economic recovery in the next phase, ”said Pisit.
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