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Export-Import Bank of Thailand to set up Laos office

Export-Import Bankof Thailand is looking to open its first overseas office in Laos in2016, the Bangkok Post reported April6.

The bank plans to first set up an intelligenceunit that will provide information to Thai investors. It will later upgrade thatunit into a representative office and then into a branch if there is demand, accordingto Acting President Kematat Saicheur.

The bank's first foray overseas comes amid the government's pushfor the lender to provide inroads for Thai investors into neighboring countries.