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More Thai assets up for auction

More Thai assets up for auction

(Thailand) - Thirteen Thai financial institutions will auction non-performing assets worth just over US$400 million, according to the Thai Bankers' Association. The assets, to auctioned by the Harrison Group, include residential property, commercial properties and smaller items such as vehicles.

Selling the assets are Bangkok Bank, Thai Farmers Bank, Thai Military Bank, DBS Thai Danu, BankThai, Siam Commercial Bank, UOB Radanasin, Bank of Asia, Global Thai Property Fund, Tisco Finance, Sicco Finance, National Finance and Kiatnakin Finance.

The Thai Bankers' Association says the market for non-performing assets is improving, with buyers keen to buy now rather than wait for prices to fall further.

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