Export–Import Bank of Thailand
The Export–Import Bank of Thailand is a state-owned bank headquartered in Bangkok, Thailand.
The bank's fiscal year runs from 1 January to 31 December.
History
EXIM Thailand began operations on 17 February 1994. It was established with 2.5 billion baht in initial capital by the "Export–Import Bank of Thailand Act B.E. 2536 ", which took effect on 7 September 1993.Under the act, EXIM is permitted to engage in a range of business undertakings. EXIM Thailand can offer short-term as well as long-term credits, either in domestic or overseas markets, in baht or any foreign currency. The bank is empowered to borrow from local or overseas financial institutions, as well as issue short-term or long-term financial instruments for sale to financial institutions and the general public, both domestically and internationally. EXIM has the freedom to engage in any financial activities typical of commercial bank practices, except it cannot accept deposits from the general public.
In November 1999, the "Export–Import Bank of Thailand Act B.E. 2542 " was issued to clarify and expand the bank's scope of operation. The amendment enables EXIM to provide more comprehensive support to Thai investors overseas as well as local investors in businesses relating to export or businesses which earn or save foreign exchange.