IN BRIEF
Exim Bank on track to achieve lending target
The Export-Import Bank of Thailand approved a total of Bt17.4 billion in new credits and export-credit insurance policies during the first nine months of the year, 78 per cent of its annual target.
Of that, credits and guarantees totalling Bt3.74 billion were extended to Thai investors operating in 14 countries. Exim Bank president Apichai Boontherawara said his bank also performed risk assessments on 450 foreign buyers and banks opening letters of credit under its special programme to help local exporters penetrate markets in new destinations and free-trade-agreement countries.
Navakij cuts TCI stake Navakij Insurance will sell a 56.42-per-cent stake in Thai Commercial Insurance to Falcon Insurance (Hong Kong) and ANT Success for Bt206.34 million. Falcon Insurance will buy 1.49 million shares, or 24.9 per cent, while ANT Success will purchase 1.89 million shares, or 31.52 per cent, of Thai Commercial Insurance, Navakij Insurance said yesterday. The deal should be completed next March. After the transaction, Navakij Insurance's holding in Thai Commercial Insurance will be reduced from 96.69 per cent to 40.27 per cent.
|
