Bangkok, EXIM BANK showcases the ‘Green Development’ model to expand its loan portfolio. Support green businesses in 2024, proportion 40 percent from total loans of 190 billion baht.
Dr. Rak Worakijpokathorn, Managing Director Export-Import Bank of Thailand (EXIM BANK) spoke at the ‘EXIM Green Wishes Market’ event to spread happiness. Welcoming the New Year 2024 to bank customers, especially SMEs and vulnerable groups in the community. Through product sales and auction activities for the beloved items of EXIM BANK executives and partner agencies. To deliver money from the auction without deducting expenses to the Raks Thai Foundation, focusing on projects to strengthen communities, education, business and sustainable community income.
EXIM BANK’s Managing Director said that at present, global environmental problems are still intensifying. The situation of fine particulate matter (PM 2.5) in Bangkok and surrounding areas is still quite critical. EXIM BANK wants to play an important role in acting as a source of funding for the business sector, accounting for up to one-third of the value of global Climate Finance, aiming to provide loans for sustainability. Continuing new formats such as the Solar Orchestra Loan and EXIM Solar D-Carbon Financing that not only provide capital but also helps support carbon credit registration for entrepreneurs. Including EXIM Green Start loans, special interest rates for SMEs or small people who want to transition to a green business.
Dr. Rak said that in 2024 EXIM BANK’s plan will use the “Green Development” model to develop organizations and drive the Thai economy to grow in a balanced and sustainable manner with society and the environment. Set a goal to grant loans of 190 billion baht, with a proportion of environmental loans of 40 percent. From 2023, lending of 170 billion baht with a proportion of “Green Development” loans of 35 percent to support the global trend of taking care of the environment. And in 2024, EXIM BANK plans to issue The first Blue Bond, 3,000-5,000 million baht, to drive the Blue Economy and preserve marine resources as a source of employment and sustainable income for millions of people around the world. and during the global economic fluctuation Economic conflicts and wars Therefore, entrepreneurs are encouraged to insure against payment risk from foreign customers. Insurance premiums are calculated at 5,000 baht per million, with the government helping to compensate in part. It is considered that the insurance premium is very cheap. To take care of the effects of external factors
In addition to saving energy and moving towards a green organization The organization will create a sustainable ecosystem through conducting business with ESG in mind, accelerating the upgrading of Thai businesses into the ESG Supply Chain, promoting the development of innovation and employment in industries going into the future, such as S-Curve, Soft Power service businesses, and agricultural processing. in line with consumer needs and world trends Join forces with government and private sector partners to support Thai SMEs on the world stage with knowledge, opportunities, capital, and international trade risk management tools. as well as sustainable organizational development based on the principles of good corporate governance and social and environmental responsibility. without leaving anyone behind Including small people and vulnerable groups in communities and society.
Source: Thai News Agency
