EXIM Thailand Showcases ’63 Performance Outstanding loans surged 1.35 billion baht, NPL 3.81%, reflecting the leap forward growth in five years as a result of the corporate adjustment according to the 10-year master plan, indicating a net loss of 1.3 billion baht after the TFRS reserve 9
Mr. Phisit Sereewiwattana Managing Director The Export-Import Bank of Thailand (EXIM Thailand) revealed that the Bank has made major organizational adjustments in accordance with the 10-year master plan (2017 – 2027), enabling the organization to develop continuously and be ready to cope with The external change has gone well through 6 strategies, resulting in operational results in the past year 2020, outstanding loans were 135,228 million baht, an increase of 13,360 million baht or 11% compared to 2019, while non-performing debt Yes (NPL) at 3.81% of the amount of NPLs of 5,153 million baht.
“It is considered that our NPLs still meet the criteria But we have a new Financial Reporting Standard (TFRS 9) at the end of Dec. 20. We have an anticipated credit loss allowance of Bt11977m, representing 232.44% of the expected credit loss allowance for NPLs in 2020. It is expected to occur 2,250 million baht. However, from the anticipated credit loss reserve. Which increases in line with external economic conditions that are at high risk, causing EXIM Thailand to have a net loss of 1,340 million baht
For the increase in credit, divided into commercial loans of 36,093 million baht and investment loans of 99,135 million baht, resulting in a total business turnover of 168,035 million baht, of which is the business volume of SMEs 60,689 million baht (36% share In addition, there is a total amount of support for international project loans totaling 93,622 million baht, outstanding loans of 56,384 million baht, an increase of 8,930 million baht or 19% compared to the previous year. Moreover, there were loans to support entrepreneurs who exported and invested in New Frontiers totaling 39,754 million baht, an increase of 4,487 million baht or 13% compared to the previous year.
However, if you compare the growth in 5 years (2015-2020), it is considered a leap forward growth. This is illustrated by the outstanding loan outstanding 84% from 73,540 million baht to 135,228 million baht (13% per year average), of which is the outstanding amount of SMEs loans increased 86% from 16,883 million baht to 31,461 million baht. (13% per year average)
The number of customers grew 163% from 1,631 to 4,282 (average 21% per year). Among these, SMEs increased 194% from 1,192 to 3,507 (average 24% per year), representing 15 to support SMEs exporters. % Of the whole country And outstanding loans in New Frontiers (including Cambodia, Lao PDR, Myanmar and Vietnam or CLMV) grew 53% from 26,022 million baht to 39,754 million baht (9% per year average).
In addition, in 2020, domestic investments are encouraged to develop 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 increased 61% from 26,489 million baht in 2015 to 42,751 million baht in 2020 (average 10% per year) and compared to 2019, an increase of 7,237 million baht or 20%.
At the same time, it provides export and investment insurance services. As well as risk analysis services for more buyers and banks As a result, 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, an increase of 13,699 million baht or 11%.
It has issued a six-month maximum principal and interest suspension since the beginning of 2020 and has launched a reorganization measure for customers who suffer from liquidity problems from the impact of COVID-19. According to the needs of the enterprise Which provided financial and non-financial assistance to 6,400 entrepreneurs with a total amount of approximately 55,000 million baht
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