United Overseas Bank Thailand PCL (UOB (Thai)) today announced it had signed a 75 million USD loan agreement with Thailand’s leading player in Thai electricity market, the Electricity Generating Public Company Limited (EGCO).
The loan will be used to fund EGCO’s project expansion and long-term investments. This is the first USD loan agreement between UOB and EGCO.
EGCO has a major investment in power generation and supply as well as comprehensive energy services providing operation, maintenance, engineering and construction services to power plants and other industries in Thailand and overseas. EGCO is also Thailand’s first independent power producer.
Mr. Foo said, “With robust growth in domestic economy and consumption, there are rising demands for power and energy. UOB (Thai) is proud to partner with EGCO in their business expansion plans. With our competitiveness in USD capability and strong balance sheet, we are well positioned to support the needs of Thai corporate businesses”
Pailin Ngsriwongse, Executive Director, Corporate Banking, UOB (Thai), said, “This loan facility demonstrates UOB’s commitment in providing long-term support to customers with business expansion plans, both domestic and cross-border market outreach by leveraging our strong presence with more than 500 branches throughout the region”
In the picture, from left, Mr. Dejsiri Sangsingkeo, Senior Vice President of Corporate Banking, UOB (Thai), Ms. Pailin Ngsriwongse, Executive Director of Corporate Banking, UOB (Thai), Mr. Peter Foo Moo Tan, President and CEO, UOB (Thai), Mr. Sahust Pratuknukul, President of EGCO and Mr. Piya Jetasanon, CFO of EGCO. The event was held recently at the Centara Grande Bangkok Hotel.
May 13, 2013
For More information, please contact
Brand Performance & Corporate Communications,
Overseas Bank (Thai) Pcl.
Boonyaporn Vongbuikaw Tel. 0-2343-4965
or Chonreutai Dao-ngern Tel. 0-2343-4913