The conditions to create a JV AMC are effective from Thursday and financial institutions can apply for a licence for the next three years. As a result, a JV AMC supports financial institutions offering assistance to customers for the long term, helping them survive the crisis. If a deal can be reached, it is possible this JV could apply for a central bank licence this year, he said. Other potential partners in talks with SAM on similar deals are commercial banks and specialised financial institutions, said Mr Tharatporn. He said 3-4 of the bank's partners in bad debt management approached the bank about a possible JV.

Source: Bangkok Post January 28, 2022 11:49 UTC