Exim Bank assists capital-heavy firms
Loans have lower rates, grace periods
The Export-Import Bank of Thailand (Exim Thailand) vows to offer loans with a special low interest rate and longer grace period to promote Thailand’s future industries.
With investments in future industries such as electric vehicles (EVs) requiring relatively hefty capital and posing high risk because of uncertain demand, the bank is offering a longer grace period to allow these businesses to become viable, said Rak Vorrakitpokatorn, the bank’s president.
“Business operators are unlikely to survive if they are offered loans with a normal interest rate of 5% or a grace period of…
