Thai Credit Bank has won the International Finance Awards 2023, Financial service innovations for SME businesses.

Thai Credit Bank Public Company Limited continues to receive international awards, most recently winning the International Finance Awards 2023 in the category of Most Innovative SME Bank - Thailand 2023. This award reaffirms the bank's dedication to developing innovative financial products and services for micro-SMEs. Mr. Natus Kittawaranon, Assistant Managing Director  of the Micro-SME Business Management Group, represented the bank in receiving the award on January 26, 2024, at the Waldorf Astoria Hotel in Bangkok.
 

Mr. Winyou Chaiyawan, CEO of Thai Credit Bank Public Company Limited, expressed his delight at receiving the award, stating, "Thai Credit Bank focuses on providing loan services to small entrepreneurs, including micro-SMEs, which are a crucial cog in driving the country's economy. With a steadfast belief in the philosophy that 'Everyone Matters,' the bank delivers financial products and services developed from a deep understanding of the unique challenges faced by small entrepreneurs and micro-SMEs."

"Besides offering financial support to enhance the business capabilities of entrepreneurs on an equal basis, the bank is also committed to developing innovations and technologies to support various operational aspects, with a customer-centric approach. This has led to significant business growth for the bank. The Most Innovative SME Bank – Thailand award from the International Finance Awards 2023 is another testament to our commitment to being the best bank for small entrepreneurs," added Mr. Winyou.
 

Mr. Natus Kittawaranon, Assistant Managing Director of the Micro-SME Business Management Group, spoke about representing the bank at the award ceremony, saying, "It is an honor that the committee recognizes our intention to provide the best financial service experience to entrepreneurs, our main target group. The key factor driving our success is the bank's diverse range of financial products that meet the needs of micro-SMEs and small entrepreneurs in each group, enabling them to access financial services and loans equally."

"The bank also utilizes technology to support various operational aspects, such as the Strategic Decision Engine (SDE) and Loan Approval Process (LAP), which help assess customers' creditworthiness and provide quick recommendations on loan amounts and suitable products. This allows for real-time preliminary decision notifications at the customer's premises, speeding up operations and enabling entrepreneurs to make immediate decisions on products and loans with loan officers. Additionally, the bank has a payment acceptance system for merchants in markets through the EDC system, which facilitates payment acceptance and receipt issuance at stalls. The bank continues to plan the development of products and innovations to enhance operational efficiency and ensure that micro-SMEs have access to the best financial products and services in the future."
 

 International Finance Awards are given to organizations in the global financial industry that excel in various operational aspects and contribute value to the global financial industry. They are organized by International Finance magazine from the United Kingdom. The Most Innovative SME Bank - Thailand award is given to commercial banks that have shown outstanding financial service innovation for SME businesses.