'It is time for Exim to find a new role,' says Exim Bank president Pisit Serewiwattana. Exim Bank needs to find its own niche position to survive in the competitive local banking industry, Mr Pisit says. "Team Thailand" can be created by pooling support from other state agencies tasked with promoting the SME sector to aid in expansion abroad, with Exim Bank acting as leader. They could be tasked with fostering partnerships to help expand financial facilities, Exim Bank's export credit insurance in particular, and work closely as Team Thailand. Exim Bank will pay compensation of 80-85% for damages incurred due to non-payment for exporters who buy export credit insurance policies.

Source: Bangkok Post December 03, 2016 00:33 UTC