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Thai Mortgage Firm to Cut Funding Cost with Investment.

Bangkok Post (Bangkok, Thailand)

| December 01, 2003 | COPYRIGHT 2003 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

Byline: Wichit Chantanusornsiri

Dec. 1--The Secondary Mortgage Corp says an investment in Thai Keha Credit Fonicer will help reduce funding costs and support the development of new financial products, including long-term, fixed-rate mortgages.

SMC president Siriwat Phromburi said an investment proposal had already been presented to the Finance Ministry for review.

Thai Keha, part of the Thai Life Group, reported assets of 251.9 million baht at the end of October, with outstanding loans of 113.5 million. Paid-up capital was 110 million baht, with shareholders' equity of 122.1 million.

According to the Bank of Thailand, the credit ...

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