The Export-Import Bank of Thailand (Exim Bank) reported a jump by 150% in net profit to 398 million baht in the first quarter of 2013 compared with last year, resulting from higher interest income following the expansion of project finance for national development.
The bank's short-term working capital loans outstanding stood at 14.4 billion baht, mainly comprising loans to small business exporters.
The bank plans to continue focusing on small businesses through the provision of loans, export credit insurance and training programmes.
Exim Bank's total loans outstanding expanded by 2.43% in the first quarter to 65.9 billion compared to last year, while it approved working capital loans for export-import promotion of 2.83 billion baht. Business turnover of export-import financing facilities accounted for 31.3 billion baht, but its short-term working capital loans outstanding dipped significantly from 2012 in line with its new policy focusing on SME exporters maintaining a smaller credit line per customer relative to large-scale exporters.