Thai Credit Bank

MOBILIST invested in the initial public offering (IPO) of Thai Credit Bank to enable its listing on the Stock Exchange of Thailand (SET). 

MOBILIST purchased US$14.9 million (£11.8 million) in shares in Thai Credit Bank, the only licensed bank in Thailand that focuses on nano-finance, micro-finance, and loans to Micro, Small, and Medium Enterprises (MSMEs) and the first financial institution serving this segment to list on the Thai stock market.

MSMEs play a critical role in the Thai economy but often struggle to access the financ­ing they need to grow from traditional banks. Thai Credit will use the proceeds from the IPO to expand its lending to MSMEs, including women-owned businesses.

This transaction illustrated the potential of exit-mobilisation via public markets as it enabled the exit of a private equity vehicle in which a development finance institution (DFI) is a shareholder and set a precedent for other DFI investors holding MSME assets.