EXIM Thailand Rolls out Export Credit Insurance Facility Promoting Small Entrepreneurs to Confidently Start or Expand Export Businesses

Stocks and Financial Services Press Releases Thursday September 10, 2020 13:59
Bangkok--10 Sep--EXIM BANK

Export-Import Bank of Thailand (EXIM Thailand) recently rolled out EXIM for Small Biz, export credit insurance facility to help small entrepreneurs with annual revenue of not exceeding 100 million baht or employment of not more than 50 employees who have just started to export and have never been EXIM Thailand’s policyholder before, export to more than 133 countries worldwide more confidently. In case of payment defaults caused by overseas buyers, EXIM Thailand will compensate for loss arising from commercial or political risks. Insurance premium starts at only 600 baht while claim payment is 80% of loss realized. A maximum insured amount of 2 million baht is eligible for each insured.


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