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Thai Government Loan Restructuring Office Prepares to Clear Caseload.
Byline: Busrin Treerapongpichit
Aug. 2--The state-owned Thai Asset Management Corp is confident that it can restructure the remaining 180 to 190 billion baht in assets in its portfolio by the end of the year.
As of the end of June, the TAMC had completed the restructuring of some 570 to 580 billion baht in assets, president Somjate Moosirilert said yesterday.
The TAMC was established over two years ago to serve as a central restructuring agency for dud loans taken from state-owned and private banks. The agency has extraordinary powers to force borrowers to the negotiating table, push for corporate restructuring and mergers and foreclose on ...
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