EXIM Thailand joins forces with TCG to expand cooperation on The S1 project with SME D Bank and iBank, enhancing the efficiency of comprehensive services for Thai SMEs.

Friday, January 27, 2023, 2:06 p.m.

EXIM Thailand joins forces with TCG to expand cooperation on The S1 project with SME D Bank and iBank to enhance service efficiency.Comprehensive service for Thai SMEs

export and import bankHead of Thailand and U Credit Insurance CorporationSmall Industries (TCG) expands its alliances in The S1 project by integrating cooperation withBank of Enterprise Developmentsmall and medium sizedThailand (SME D Bank) and the Islamic Bank of Thailand (Ibank) to jointly develop a business model.technology applicationin enhancing service and helpingto assist SMEs entrepreneurs to receive financial supportthat corresponds to the needsbusiness needs in a short time along with other comprehensive services to enhance competitivenesscompetitiveness of Thai SMEs in all business operationsdomestic and international

Mr. Arkhom Termpittayapaisith Minister of Finance Presided over and witnessed the ceremony.Sign a Memorandum of Cooperationin the development of business modelsBetween Dr. Rak Worakitpokathorn, Managing Director of EXIM Thailand, Mr. Sitthikorn Direksunthorn, Director and General Manager of TCG, Ms. Nartnaree Rattapat, Managing Director of SME D Bank and Dr. Thaweelap Rittapirom, Director and Manager of i. Bank, with Mr. Ed Wibulcharoen, Inspector General of the Ministry of Financeand Chairman of the Board of Directors and Ms. Sapatporn Thammaporn Philas Deputy Director of the Office of Economic AffairsMinistry of Finance witnessed at Chalong Siri International Convention Center60th Anniversary of the Throne Prince of Songkla University, Songkhla Province on January 27, 2023

This cooperation hasThe goal is to unlock restrictions.encourage Thai entrepreneurs, especially SMEs, to access support from institutionsgovernment finance so that SMEs, which number up to 99% of the whole system or more than 3.18 million entrepreneurs, are an important force in drivingand build a foundation of confidencestability of the country’s economy. SMEs play a role in the economic system in proportion34% of the country’s GDP and 72% of total employment. But Thai SMEs entrepreneurs still face limitations in their operations.business, especially access to funding sources Specialized Financial Institutions of the State4 locations therefore joined forces to cooperate toHelping SMEs Entrepreneurs to overcome limitations and run businessbusiness successfully amid the economic environmentThe fluctuating and challenging environment surroundingwhether the inflationhigh level Rising interest rates and mountain problemsThe protracted political science As a result, the International Monetary FundIMF forecasts that the global economy in 2023 will expand only 2.7%, which is the lowest in 21 years (excluding the year of the Hamburger Crisis and COVID-19), and there may be 1 in 3 countries in the world. faced with economic conditionsrecession, while the Thai economy in 2023 is likely to grow better than in the yearpassed due to demandmainly in the country but the export sector still hasOpportunity to slow down due to current pressureexternal factors

Under the S1 (SMEs One) project, the four financial institutions will use their expertise toexpert in product designand services to support SMEs in the supply chain, exports, to receive both credit andand the issuance of a letter of guaranteefast and consistent with the needsbusiness needs under the servicethrough co-branch and online channels including the use of digital technologyEnhance service efficiencyfor SMEs customers. In addition, there will be product development forThe S1 project, especially to alleviate the cost burden.financially, along with granting rightsbenefits to meet the needs ofentrepreneur who is a small personin the business world to be able to startor expand the businessstable and sustainable in the global trade arenanew c