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Finance Companies Prepare for Merger Talks in Thailand.

Bangkok Post (Bangkok, Thailand)

| January 08, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jan. 8--Finance companies and consumer finance firms are already scrambling to assess the potential impact of the new financial sector master plan approved by the cabinet on Tuesday.

Many of the stronger finance companies are likely to raise new capital and seek partners to upgrade to either a limited or full-service banking licence.

Analysts say companies with the strongest potential to upgrade to full-service bank status include Tisco, Kiatnakin, National Finance and Asia Credit.

Many other firms are likely to remain limited banks, focusing instead on retail and small business market segments.

Under the master plan, finance companies ...

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