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Byline: Darana Chudasri
Jun. 5--Phayathai Asset Management (PAM) expects to restructure all its clients loans, totalling 82.3 billion baht, within eight years, according to Veera Chantajaeng, the managing director.
It has received the transfer of 49.5 billion baht in bad loans from Thai Military Bank in 10 separate lots, with 32.8 billion baht in accumulated interest last year. Involving 5,000 borrowers, the loans were transferred at 90 percent of the collateral value or net book value.
Of the total, PAM had restructured five billion baht in bad loans as of last April, owed by 10 large-scale customers, with 35 ...