EXIM Bank targets 200mn THB in profit this year

BANGKOK, 10 February 2010 (NNT) – The Export-Import Bank of Thailand (EXIM Bank) targets to make a profit of 200 million THB this year, prompting it to expand loan amounts and promote export transactions.

EXIM Bank President, Mr Apichai Boontherawara, revealed that the bank aims to increase the amount of credit allowance to 24.2 billion THB, raising the credit balance by 13%, while the total value of export credit insurance will be expanded to 100 billion THB.

EXIM Bank expected Thai exports to grow by 13-14% this year based on the assumption that the economy continues to improve to a level that is not too high to cause a stumble. However, other external factors such as the global economy and the public debt payoff in European countries also need to be monitored.

The exporters are recommended to adapt themselves by looking for new markets and adding value to their products. The Thai baht flux will heighten thus business operators should not speculate in the currency.