Thursday, 13 June 2024

Best Financial Supply Chain Management in Thailand is awarded to United Overseas Bank (Thai) and Rever Automotive Company Limited

5 min read

By The Asian Banker

As a new entrant in the Thai EV market, this corporate faced challenges in financing due to a lack of market presence and non-structured payment processes. The bank launched end-to-end ESG financing for the EV value chain via a green trade and distributor financing program, incorporating internet banking and virtual accounts to streamline operations. Within a year, the corporate's cash position improved by over 100 percent, increasing its market share in the EV space by more than 50 percent. 

For supporting sustainable transportation with innovative financial products tailored to the EV industry, Best Financial Supply Chain Management in Thailand is awarded to United Overseas Bank (Thai) and Rever Automotive Company Limited.  

View the full image gallery of the gala awards here

 



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