KBank and JMT set up JK AMC with registered capital of 10 billion baht, each holding a 50% stake. The bank is in the process of transferring the bad assets to JK AMC, with the process likely completed within this month. JK AMC also plans to purchase bad assets, both secured and unsecured loans, from other financial institutions, he said. The country's two largest AMCs, the SET-listed Bangkok Commercial Asset Management (BAM) and the state-owned Sukhumvit Asset Management (SAM), have each begun the process of setting up JV-AMCs in collaboration with financial institutions and commercial banks. Patchara Samalapa, co-president at KBank, said the bank plans to sell NPLs to JK AMC worth 50 billion baht in total this year.

Source: Bangkok Post June 30, 2022 07:07 UTC