Exim Bank to sell B3bn of bad loans to asset managerExport-Import Bank of Thailand (Exim Bank) plans to sell 2.5-3 billion baht of non-performing loans (NPLs) to an asset management corporation to strengthen its financial status, says bank president Rak Vorrakitpokatorn. The Bank of Thailand also introduced measures to help banks provide debt relief and financial assistance to clients, said Mr Rak. Exim Bank is tackling the NPL problem by helping clients restructure debt to prevent them from being classified as NPLs. The cabinet recently approved Exim Bank increasing its capital by 4.2 billion baht to 17 billion. He said Exim Bank targets average annual loan growth of 11%, which should result in its outstanding loans growing to 213 billion baht by 2025.

Source: Bangkok Post September 12, 2021 22:52 UTC