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Thai Banks Continues to Sell Off Under-Performing Assets.
Byline: Darana Chudasri
Jun. 13--Thai Military Bank expects to sell off two billion baht worth of non-performing assets this year.
Pirasak Sikangwan, a TMB executive vice-president, said the bank had sold off 500 million baht worth of non-performing assets so far this year.
Another 17 billion baht worth of assets remain for sale, with new incoming assets averaging from 100 million to 300 million baht a month.
Dr Pirasak said the bank would hold sales fairs this month and in December to offer property assets to the public.
Post-financing would be offered ranging up to 90 percent of the valuation for buyers, with loan approvals ...
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