Export-Import Bank of Thailand
Export-Import Bank of Thailand (EXIM Thailand) is a stateowned specialized financial institution under the Ministry of Finance's supervision. The Bank was established by the Export-Import Bank of Thailand Act, 1993 (B.E. 2536), which took effect on September 7, 1993, and officially commenced operations in February 1994.
Under the Export-Import Bank of Thailand Act, 1993 (B.E. 2536), the Bank’s objective is to conduct business which promotes and supports Thai exports, imports, and investment, both domestic and overseas, for the purpose of national development by providing credit facilities, guarantees, risk insurance or other services under the provisions of this Act.
In November 1999, the Export-Import Bank of Thailand Act (No. 2), 1999 (B.E. 2542) was enacted to broaden the Bank’s objective and scope of operations with regard to investment promotion and support. The amendment was aimed at enabling the Bank to expand financial support to Thai outward and domestic direct investment that saves foreign exchange or generates foreign exchange earnings.
The Bank is protected under the Export-Import Bank of Thailand Act, 1993 (B.E. 2536) against high-risk financial transactions. The Ministry of Finance (MOF) is required to allocate funds from the government’s annual budget to compensate for loss incurred from business transactions implemented in conformity with the government’s direction or the cabinet’s resolution. Likewise, for loss arising from export credit insurance which may affect the Bank’s operations or prevent it from maintaining the required capital adequacy ratio, the MOF is obligated to allocate funds from the annual budget or other sources to compensate for such loss or to increase the Bank’s capital.