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(From The Nation (Thailand))
Byline: The Nation.
Bangkok Commercial Asset Management (BAM) expects to receive Bt62 billion worth of non-performing assets from banks this year, its president Banyong Visatemongkolchai said yesterday.
Overall non-performing assets (NPAs) in the industry are about Bt180 billion, excluding those of the state-owned Asset Management Corp.
Currently, BAM has Bt38 billion worth of NPAs under management. The new NPAs to be transferred will boost its total to about Bt100 billion.
According to Bank of Thailand regulations, each bank is forced to speed up restructuring of its bad debts. Otherwise, the value of …