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Thailand's Credit Foncier to Be Liquidated.
Aug. 6--The Finance Ministry has approved a request of the Bank of Thailand to close down Thanapat Credit Foncier, according to central bank governor M.R. Pridiyathorn Devakula.
The central bank had taken control of the company last December due to an insufficient capital base as required by law as well as an inability to raise capital. The company's attempts to sell shares had failed to draw interest from prospective investors.
"After the credit foncier was placed under the central bank's control, there were no potential investors [who] wished to bail out the company," he said.
The quick resolution of the company has limited the Financial ...
- Thailand's Credit Foncier to Be Li...uidated.
- Newspaper article from: Knight Ridder/Tribune Business News August 6, 2003 700+ words
...down Thanapat Credit Foncier, according to central bank governor M...After the credit foncier was placed under the central bank's control...Pridiyathorn said the central bank had returned...he added. Credit foncier companies...
- GMAC Commercial Mortgage Corporation (GMACCM) Statement on Behalf of the Bass...
- Press release article from: PR Newswire July 9, 1998 700+ words
...interest in the state-owned bank, Credit Foncier de France. It may be attributed to...impact of the potential acquisition of Credit Foncier by a Franco-American consortium...partners, to acquire an interest in Credit Foncier de France (CFF). CFF is a shareholder...
- GE Capital Withdraws Bid for Credit Foncier, a French Lender
- Press release article from: PR Newswire May 28, 1998 700+ words
...consideration, it will not submit an amended bid for French lender Credit Foncier as it was invited to do. In the course of a year, GE Capital...Office/ (GE) CO: GE Capital; General Electric Company; Credit Foncier ST: Connecticut IN: FIN SU: EK-SH -- NYTH032 -- 5258...
- Mortgage banking strategies in egypt, 1880-1914: credit foncier egyptien...
- Magazine article from: Business History Cannon, Byron D. October 1, 2001 700+ words
...local Egyptian interests. This applies particularly to Credit Foncier Egyptien (CFE), established in 1880 to provide mortgages...pledge, could have undertaken. II The French founders of Credit Foncier Egyptien, acting on the advice of the well-known Egyptian...
- Robert M. Bass Group Confirms French Government Ends Discussions On Sale of...
- Press release article from: Business Wire September 9, 1998 700+ words
...GMAC regarding their offer to acquire the mortgage lender, Credit Foncier de France SA. Given the strength and soundness of the business...Government stated its intention to financially restructure Credit Foncier before a new sales process is initiated. The Robert M...
- The cracks show: French banks. (restructuring of banking industry after...
- Magazine article from: The Economist (US) May 4, 1996 700+ words
...controlling stake in Indosuez, its investment bank, to Credit Agricole, the country's largest mutual bank. Separately, Credit Foncier de France (CFF), a bank that specialises in property, announced losses of French Francs 10.8 billion ($2.2 billion...
- STRINGS ATTACHED TO CREDIT FONCIER DE FRANCE SCHEME.
- Newspaper article from: European Report June 26, 1999 700+ words
The Commission said on June 23 that it had cleared Euro 2.44 billion in aid the French Government granted to Crdit Foncier de France, but attached certain conditions. The Commission said in a statement that "the approval takes account of the approximately Euro 15.24 billion reduction in the bank's
- Legal reforms on fast track: But central bank and ministry still at odds.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) October 24, 2006 700+ words
...conflicts between the central bank and the Finance Ministry...Finance, Securities and Credit Foncier Act. But disagreements between the central bank and the Finance Ministry...sector away from the central bank, which would then focus...