According to one estimate, the Bt45-billion packing credit facility is helping to finance about Bt200 billion worth of Thailand's annual export bill.
22.
This facility of Bt113 billion included Bt33 billion packing credit of the Bank of Thailand and $ 500 million from foreign banks.
23.
"The total Bt1 . 5 trillion in exports requires Bt300 billion to Bt400 billion to finance plus another Bt46 billion in packing credit.
24.
Teeraparp suggested that the government increase the packing credit ratio for local manufacturers and exporters who increase the local content of their products.
25.
As of Feb 27, packing credit already extended with commercial banks'contributions amounted to Bt6 . 93 billion, while Bt3 . 98 billion remained.
26.
Though the interest rate for packing credit was raised from 12 per cent to 13 per cent it is still cheap and makes sense.
27.
The packing credit, blended between the BOT's subsidised rate and the commercial banks'cost of funds, will then be offered to exporters at a more competitive cost.
28.
Third, banks should be allowed to provide a higher percentage of packing credit, up from 80 per cent of L / C to 90-95 per cent.
29.
The Export and Import Bank of Thailand is handling the packing credit, offered at a subsidised interest rate of 5 per cent, on behalf of the BOT.
30.
However, several bankers believe that the more relaxed packing credit contribution ratio will benefit only large companies such as Charoen Pokaphan group which have good credit ratings.
