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BoT denies dragging its feet.

Bangkok Post (Bangkok, Thailand)

| February 03, 2005 | COPYRIGHT 2005 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: Parista Yuthamanop

Feb. 3--The Bank of Thailand denies that it was holding back approvals for loan applications submitted by Bank of Ayudhya and Siam City Bank for tsunami aid.

Yoottaphol Singhaumpai, director of the central bank's communications and relations office, said one billion baht in soft loans were approved by authorities yesterday, raising the total to date to 27 billion baht.

Bank of Ayudhya reported 80 loans as affected by the tsunami, with requests for aid under the central bank soft loan programme totalling 593 million baht for 48 borrowers. Of this, 47 have been approved for 560 million baht in loans, with one ...

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Source: HighBeam Research, BoT denies dragging its feet.