EXIM Thailand, KBZ Bank join forces to support Myanmar’s purchase of Thai products and services

Corporate August 27, 2018 18:11

By The Nation

Export-Import Bank of Thailand recently signed a memorandum of understanding with Kanbawza Bank (KBZ Bank) to provide a Buyer’s Bank Credit Facility to the Myanmar bank



 

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The MoU was signed at KBZ’s office in Yangon by Pisit Serewiwattana, president of EXIM Thailand, and Maung Maung, vice chairman of Myanmar’s largest commercial bank.

Under the agreement, EXIM Thailand will provide a financial facility of US$4.5 million (Bt146.6 million) to KBZ Bank to support its clients’ purchases of goods and services from Thai entrepreneurs.