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World Bank arm IFC to invest up to US$150M in TMB Bank

International Finance Corp., the World Bank's private investment arm, will invest up to US$150 million in TMB Bank PCL to help the Thai lender extend loans to small and medium-sized enterprises, Deal Street Asia reported Jan. 26, citing a filing from the organization.

IFC aims to boost credit availability to the SME segment through the investment. The organization will also provide the lender with the appropriate risk protection and will structure a tailor-made risk management product that addresses the bank's needs.

In June 2016, IFC offered a guarantee-cum-financing of up to US$34 million to the bank to help support Thailand's SME sector.