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Siam Commercial Bank in Thailand to Reduce Nonperforming Loans.

Bangkok Post (Bangkok, Thailand)

| June 04, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Darana Chudasri

Jun. 4--Siam Commercial Bank (SCB) expects debt restructuring to reduce its non-performing loans to 5 percent of its total lending within the next five years, according to Nabhengbhasang Krishnamara, the bank's executive vice-president.

The bank aimed to restructure 20 billion baht in loans this year. It expected to reduce non-performing assets, which stood at 12 billion baht, through asset sales, he said.

It planned to hold 121 property fairs nationwide this year, with assets on sale likely to be worth 1.8 billion baht.

The bank had non-performing loans totalling 89.17 billion baht, 19 percent of its lending, ...

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Source: HighBeam Research, Siam Commercial Bank in Thailand to Reduce Nonperforming Loans.

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