EXIM Thailand's business policy focuses on the provision of financial and related non-financial services to enhance Thai enterprises’ international trade competitiveness. These include facilities to promote and support the export of goods/services and business activities that earn, or support the earning of, foreign exchange and facilities to support import and other domestic businesses that help save foreign exchange and strengthen Thai exports’ competitive edge, as well as Thai businesses overseas that contribute to the expansion of Thailand’s international trade and investment base.
The Bank emphasizes the offering of services that add value to exports and businesses beneficial to national advancement. It also takes an aggressive role in encouraging commercial banks to increase their participation in the promotion of business sectors that contribute to foreign exchange earning or saving. Emphasis is especially placed on financial services required by those businesses but not yet sufficiently available at commercial banks at present and in the future.
The Bank is determined to perform a development bank role in a bid to promote international trade, Thai businesses abroad, and the country’s economic development. The various aspects of the Bank’s role could be summed up as follows:
Promotion of Export and Import
EXIM Thailand has developed its export promotion activities in the form of financial and non-financial services, including export credit insurance against non-payment risk. This is aimed to bolster the expansion of Thai exports in the existing market destinations and other promising emerging markets and to promote the enhancement of production efficiency and effectiveness, including the import of products and services, which will help upgrade Thai product standards on the global market.
Promotion of Joint Ventures by Thai Investors with Entrepreneurs Overseas
EXIM Thailand encourages Thai businessmen to enter joint ventures with their counterparts abroad with a view to broadening their trade network and alliance and, hence, enabling Thai products to better align marketing campaigns with consumers’ needs, to reach target markets effectively and to generate income from product distribution overseas at higher prices than those obtained from the domestic market.
Promotion of Thai Investments Overseas
EXIM Thailand encourages Thai businessmen to expand their investments abroad in order to take advantage of resources, raw materials, lower labor costs, and trade privileges in the countries of investment, thereby helping to increase Thai products’ global market share. Aside from promotion of existing projects, the Bank conducts feasibility studies to identify overseas opportunities and projects in which Thai investors have competitive advantage, particularly in neighboring countries, before proposing the projects to those investors.
Support of Domestic Investments
EXIM Thailand supports domestic investors operating businesses conducive to the country’s economic advancements, particularly, in the fields of energy and alternative energy, logistics, basic infrastructure and public utilities, as well as those concerned with clean development mechanism (CDM) and creative industries.
EXIM Thailand earnestly develops and improves its products and services to cater for Thai exports and investments, both domestic and overseas. It also plays a proactive role in rendering both financial and non-financial services, including capital market instruments, financial advisory services, export credit and investment insurance services, as well as referral of services, not offered by the Bank, from other state and private sector agencies to efficiently serve the demand and add value to Thai export and investment sectors. In addition, the Bank provides Thai investors with in-depth information and consulting services on export and business opportunities in other countries, with focus on in-depth knowledge of the targeted countries and promising industries.
EXIM Thailand upholds good corporate governance principles and sound banking practices, while paying due regard to commercial viability and repayment ability of the borrowers. At the same time, it continuously and regularly promotes personnel development and system streamlining under the good corporate governance and management standards in a bid to meet Thai exporters and investors’ requirements and respond to the government policy on the promotion of international trade and investments and economic cooperation with the targeted countries.