“EXIM Green Start Credit” Enhances Liquidity of Green Businesses
“EXIM Green Start Credit” Enhances Liquidity of Green Businesses.
Driving Thailand towards Sustainable Development
Export-Import Bank of Thailand (EXIM Thailand) recently launched “EXIM Green Start Credit” a new product for businesses caring for minimizing impacts on the environment, offering a maximum revolving credit line of 200 million baht per entrepreneur, a loan tenor of up to 3 years, an initial interest rate of prime rate -2.25% per annum or approximately 4.25% per annum which is lower than that applicable to businesses in general, and Free! foreign exchange forward contract worth one fold of the approved credit line to close foreign exchange risk for Thai exporters.
The product aims to boost liquidity for Thai businesses including SMEs so that they would be fully equipped to develop their products and services along with their operating processes, and hence drive Thailand toward sustainable future and enhancing Bio-Circular-Green (BCG) economy in response to the government policy and socially and environmentally responsible business operation. This will contribute to Thai entrepreneurs’ stronger competitiveness in international trade markets without being exposed to the current rigid international trade measures relating to environmental compliance.
