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Thai Military Bank to Sell Off 17 Billion in Non-Performing Assets.
Byline: Darana Chudasri
Feb. 5--Thai Military Bank plans to unload non-performing assets worth 17 billion baht within the next three years.
This year, the bank plans to organise a series of property auctions and fairs to aggressively sell its foreclosed assets, including two major events to be held in the first half of this year, said Sompol Chaiyachow, first executive vice-president of TMB.
"We will step up our efforts and hold auctions and fairs every month in the second half," he added.
As of the end of 2003, TMB's outstanding NPAs were unchanged from the previous year. The bank hopes to sell six billion baht worth of distressed ...
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Source: HighBeam Research, Thai Military Bank to Sell Off 17 Billion in Non-Performing Assets.