EXIM Bank was established by the Export-Import Bank of Thailand
Act B.E. 2536 (1993) which became effective on September 7, 1993. According to
the Act, the initial capital of 2,500 million baht was paid by the Ministry of
Finance and the Bank of Thailand. Following rapid business expansion, the Bank’s
capital was increased with the Ministry of Finance’s additional contribution of
2,500 million baht and 1,500 million baht in April and July 1998, respectively.
Under the Export-Import Bank of Thailand Act, EXIM Bank is empowered to engage
in various business undertakings. EXIM Bank can offer short-term as well as
long-term credits, either in domestic or overseas markets, in baht or any
foreign currency denominations. In mobilizing funds, EXIM Bank can 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. Essentially, EXIM Bank
can engage in any financial activities customary to commercial bank practices,
except for accepting deposit from the general public.
EXIM Bank officially started its operation on February 17, 1994.
In November 1999, the Export-Import Bank of Thailand Act (No. 2) B.E. 2542
(1999) was enforced to clarify and expand the Bank's objective and scope of
operation with regard to investment promotion and support. The amendment enabled
the Bank to Provide more comprehensive support to Thai investors overseas as
well as local investors in business relating to export or business which earns
or saves foreign exchange. |
