ANNOUNCEMENT 04 Aug 2009
On 4 August 2009, the EXIM Thailand signed an agreement with Russia’s VTB Bank and JSCB Lanta-Bank to support Russian imports of Thai goods and services.
NUMBER OF INTERVENTIONS
Export-Import Bank of Thailand, EXIM Thailand Joins Forces with Russian Banks To Boost Russian Import of Thai Goods and Services, 4 August 2009. Available at: http://www.exim.go.th/doc/adn/52000002955.pdf
Export-Import Bank of Thailand, Financial Facilities, Buyer's Credit. Available at: http://www.exim.go.th/en/services/financialFacilities.aspx?type=hls3
VTB Group, About VTB Group, accessed on 22 October 2018. Available at: https://www.vtb.com/o-banke/gruppa-vtb/skhema-gruppy/
JSCB Lanta-Bank, Information, accessed on 22 October 2018. Available at: http://www.lanta.ru/en/moscow/lanta_bank/about_the_bank/information/
On 4 August 2009, the EXIM Thailand signed an agreement with Russia’s VTB Bank and JSCB Lanta-Bank to support Russian imports of Thai goods and services. Under the terms of the agreement, a Revolving Trade Financing Facility (RTFF) valued at USD 32 million would be provided.
Interbank Export Credit
The Eximbank of Thailand extends credit to foreign banks for the purpose of financing companies’ purchases of Thai goods and services through loans. More information on the Bank's financial instruments can be found on the official website under Financial Facilities (Buyer's Credit).
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.