BBL extends financial support to Japanese SMEs

Bangkok Bank Chairman Chatri Sophonpanich (left) attended an agreement signing ceremony between President Chartsiri Sophonpanich (right), Japan Financial Corporation Governor CEO Shosuke Yasui (2nd from left) and Senior Managing Director Ryuhei Katsuno

Bangkok Bank has signed an agreement with a Japanese bank, to prepare financial support system ahead of Japanese SMEs' expansion into Thailand.

Under the system, Bangkok Bank and Japan Financial Corporation (JFC) will provide low-interest rate loan by utilising stand-by letter of credit on collaboration basis.

JFC, the agency created from the merger of three governmental financial institutions under control of Ministry of Finance, provides SMEs with long-term business funds as well as supporting business innovation, overseas business expansion and business revitalisation.

Covered in this scheme are SMEs, which are opening manufacturing facilities or establishing sales channel in Thailand

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Source: http://www.news.thethailandlinks.com/2012/09/27/bbl-extends-financial-support-to-japanese-smes/