BANGKOK, 18 January 2013 The Export-Import Bank of Thailand (EXIM) has announced that it made over 1.1 billion baht in profit in 2012, adding that its non-performing loans (NPLs ) were down by 16 percent.///
According to President of Export-Import Bank of Thailand Kanit Sukonthaman, the bank last year saw a rise in its net profit by as much as 82 percent, or around 1.1 billion baht; 495 million baht higher than the previous year’s figure of 605 million baht, thanks to the interest rate increase on medium- and long-term loans and reduced expenses.
He added that the value of last year’s non-performing loans stood at 2.8 billion baht, a drop of 16 percent year-on-year.
To enable the Thai SMEs to achieve their full potential, the bank has been holding roving seminars in major cities throughout the country year round. Over 1500 SME entrepreneurs have so far attended and benefited from the seminar, which has been designed to give them a grounding in exporting procedures and risk management.
As for 2013 strategic plan, the Export-Import Bank of Thailand is targeting a 5-percent growth in loans, while maintaining its profit margin at the same level.
