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Thai Banks Back Land-Loan Plan.
Byline: Chatrudee Theparat
Oct. 2--Eighteen state and commercial banks yesterday signed an agreement with 17 state agencies to participate in a government initiative to allow borrowers to use land deeds as collateral for loans.
The banks pledged to offer loans backed by land documents covering 42 million rai nationwide, as well as non-transferable land documents and lease contracts held by the public with agencies such as the National Housing Authority (NHA) and Treasury Department.
Petipong Pungbun Na Ayudhya of the Assets Capitalisation Office, said 1.5 million people, including farmers and small business owners, were expected to obtain 150 ...
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- Newspaper article from: Knight Ridder/Tribune Business News November 27, 2004 700+ words
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- Newspaper article from: Knight Ridder/Tribune Business News November 11, 2004 700+ words
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- Newspaper article from: Knight Ridder/Tribune Business News December 7, 2004 700+ words
By Phitsanu Thepthong, Bangkok Post, Thailand Knight Ridder/Tribune Business News Dec. 7--CHIANG MAI, Thailand -- A new SME Centre...he added. To see more of the Bangkok Post, or to subscribe to the newspaper...
Source: HighBeam Research, Thai Banks Back Land-Loan Plan.