Four major Thai banks delay sale of non-performing loans

BANGKOK (The Nation/ANN): Four major Thai banks say they will focus on managing their asset quality instead of dumping non-performing loans under unfavourable market conditions.

Payong Srivanich, president of Krungthai Bank, said KTB’s priority was to maintain asset quality and look after debtors. He expects the bank’s non-performing loans to remain flat at the 4.21 per cent of total loans registered in the third quarter.He said KTB regularly sells its non-performing asset (NPAs) as part of debt management measures, but the large volume now being sold made the market unfavourable.