News dalla rete ITA

1 Febbraio 2018

Birmania - Thailandia

CENTRAL BANK ALLOWS FOREIGN BANKS TO PROVIDE EXPORT FINANCING

Foreign banks will be permitted to provide export financing services.The purpose is to help local export business to gain access to working capital. According to local and international market distributors the local banks are not able to to provide sufficient financing services to help businesses in trading sector. The CBM has so far allowed 49 foreign banks to provide export financing services. Among them, 21 have started doing so.However, the foreign banks are still not allowed to provide retail banking services such as saving accounts, local money transfers and extending loans to the local entrepreneurs. Even though some local banks now provide trade financing services, the amount of finances are insufficient to make an impact. (ICE BANGKOK)