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Recapitalisation Will Restore Profitability for Thai Military Bank.
Mar. 1--Thai Military Bank's recapitalisation plan will help restore profitability and reduce bad loans to "respectable levels", according to acting president Siri Ganjarerndee.
Bank regulators yesterday announced that they had reviewed the preliminary recapitalisation programme, expected to be held within the next two or three months, with support from both existing and new investors.
Mr Siri declined to offer details, but stressed that the recapitalisation would be sufficient to cover redemptions of subordinated debentures and capital securities coming due this year and next.
The bank currently incurs interest costs of 2.4 billion baht for ...
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Source: HighBeam Research, Recapitalisation Will Restore Profitability for Thai Military Bank.