Export-Import Bank of Thailand (EXIM Bank) is a financial institution wholly owned by the Royal Thai Government under the Ministry of Finance’s supervision. EXIM Bank was established by the Export-Import Bank of Thailand Act B.E. 2536 (1993) which became effective on September 7, 1993. According to the Act, the initial capital of 2,500 million baht was paid by the Ministry of Finance and the Bank of Thailand. Following rapid business expansion, the Bank’s capital was increased with the Ministry of Finance’s additional contribution of 2,500 million baht and 1,500 million baht in April and July 1998, respectively.
Under the Export-Import Bank of Thailand Act, EXIM Bank is empowered to engage in various business undertakings. EXIM Bank can offer short-term as well as long-term credits, either in domestic or overseas markets, in baht or any foreign currency denominations. In mobilizing funds, EXIM Bank can borrow from local or overseas financial institutions, as well as issue short-term or long-term financial instruments for sale to financial institutions and the general public, both domestically and internationally. Essentially, EXIM Bank can engage in any financial activities customary to commercial bank practices, except for accepting deposit from the general public.