EXIM Thailand announced its operating results in 2024 underlining its success in advancing its role as the Green Development Bank with a commitment to developing financial innovations to support business sectors toward sustainability alongside enhancing the capabilities of Thai entrepreneurs so that they can compete sustainably on the global stage under the environmental, social, and governance (ESG) principles. EXIM Thailand recorded outstanding loans for sustainability (ESG loans) amounting to 75,810 million baht, representing 39.93% of its total outstanding loans of 189,870 million baht, a 6.71% year-on-year growth, which was the highest since the Bank’s start of business operation. Of this total, 58,128 million baht was new loan approvals.

Dr. Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), revealed that in 2024 EXIM Thailand had focused on supporting export-import and investment domestically and overseas and uplifting Thai entrepreneurs for sustainable growth, which underscores its role as the Green Development Bank. As of the end of 2024, EXIM Thailand recorded new loan approvals of 58,128 million baht and total outstanding loans of 189,870 million baht, the highest since the Bank’s business commencement with a year-on-year growth of 6.71%. Of this total, 135,695 million baht was outstanding loans for investment, representing 71.47% of total outstanding loans, with 44,744 million baht of which being outstanding loans for international projects. Classified by market, EXIM Thailand has consistently supported Thai business expansion to the CLMV (Cambodia, Lao PDR, Myanmar and Vietnam) and New Frontiers that have good potential, with total outstanding loans to the CLMV and New Frontiers amounting to 39,317 million baht. 

With a commitment to driving sustainable development, as of the end of 2024, EXIM Thailand recorded outstanding ESG loans of 75,810 million baht, representing 39.93% of total outstanding loans. Ongoing development of green finance tools and greenovation has been made to strengthen the domestic and international trade and investment ecosystem in response to global trade rules related to the environment on an integrated basis throughout the supply chain. These tools and schemes include EXIM Green Goal aiming to support entrepreneurs of all sizes in expanding or enhancing their operations with a focus on industries that prioritize ESG considerations., EXIM Green Start designed to enhance liquidity for SMEs, and a long-term loan facility in the form of a Sustainability Linked Loan (SLL) to support business growth and development with a strong emphasis on sustainability. Furthermore, EXIM Thailand has launched an investment banking service, performing as the financial advisor to support green catalyst and investment in clean energy with provision of bond guarantees.

As regards the society, EXIM Thailand has assisted entrepreneurs, particularly the vulnerable groups, with such financial products and schemes as pre-emptive measure for SME debtors wishing to undergo debt restructuring to help them timely and responsively to their needs. Besides, the Bank has launched three New Year gift packages for SMEs to build “Good Life, Happiness, and Confidence.” Relief schemes have been rolled out for SME debtors and the vulnerable groups with indebtedness not exceeding 5 million baht to help them “Close Loans and Move on Quickly” in response to the “Khun Soo, Rao Chuay” (You Fight, We Help) program with implementation of the “Jai Trong, Khong Sap” (Punctual Payment to Maintain Assets) measure with reduced interest burden, together with financial facilities which have been provided to help boost liquidity and manage risks on a full-fledged basis.  

Amid the current global economic uncertainties and instability in several regions, EXIM Thailand has accelerated strengthening of Thai exporters and investors’ confidence and immunity against risks with offering of export credit and investment insurance facilities. As of the end of 2024, the Bank’s total insurance business turnover amounted to a record high of 193,536 million baht, up by 7.79% year-on-year. 

EXIM Thailand’s expansion of its role in supporting Thai entrepreneurs in terms of both credit and insurance facilities as the flagship products in support for businesses of all sizes and all industries have resulted in the number of customers of 5,303, of whom around 80% were SME customers as of the end of 2024. Besides, the Bank has supported entrepreneurs on a comprehensive basis by making available entrepreneur incubation for enhanced knowledge, business matching and financial advisory services. As of the end of 2024, entrepreneurs with potential enhancement by EXIM Thailand was in the accumulated number of over 22,000. This has reflected the Bank as a companion working alongside Thai entrepreneurs who are little people and vulnerable groups so that they are empowered to grow and compete on the global stage, as well as being resilient to any upcoming stricter global trade standards and regulations.

In terms of corporate governance, EXIM Thailand has still attached high importance to sustainable financial management. As of the end of 2024, the Bank recorded total NPL amount of 6,344 million baht, and set aside allowance for expected credit loss of 17,253 million baht, which is a strong financial position, representing an NPL coverage ratio of 271.97%. This would help cushion higher risks from the economic slowdown and geopolitical tensions of today that have posed trade difficulties. The year 2024 has thus been a year of pride for EXIM Thailand, which posted a net profit of 1,053 million baht, up by 130.87% year-on-year, alongside comprehensive extension of support and assistance for entrepreneurs, as evident from more than 18 accolades garnered by the Bank.  

“In the backdrop of the rapidly changing global circumstances, EXIM Thailand has remained steadfast in our determination to move forward with the Green Development Bank role. We have synergized with our public and private sector alliances in Thailand and beyond to support Thai entrepreneurs, including SMEs, to ensure their sustainable competition on the global front, build business ecosystem for sustainable development, and propel Thailand toward being a low carbon society without leaving anyone behind. We are fully equipped to assist and enable SMEs and the vulnerable groups to continue operating their businesses without disruption, and well prepared to efficiently manage liquidity and business risks in responding to the expectations of our stakeholders in all sectors,” added Dr. Rak.