Ttb rules out sale of bad debtsMr Piti says auction prices of bad debts offered by asset management companies have declined from last year. Despite a higher level of non-performing loans (NPLs) in the industry, TMBThanachart Bank (ttb) has no plans to sell its bad debts this year as potential buyers are offering relatively low prices. Given the increase in NPL supply across the banking industry as the economy slowly recovers, auction prices of bad debts offered by asset management companies (AMCs) have declined from last year. Last year, the country's sixth-largest lender by total assets sold bad debts (both NPLs and non-performing assets) amounting to 6-7 billion baht. This year ttb plans to manage bad debt independently and does not intend to establish a joint venture AMC to address the issue.

Source: Bangkok Post March 06, 2024 11:19 UTC