Select a page

Banking News

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.

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.