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Headline: Thailand Source: Euromoney Date: July 2001 Best bank: Bangkok Bank Best equity house: Merrill Lynch Phatra Securities Best debt house: Thai Farmers Bank Bank restructuring seems to be coming to an end with debt restructuring emerging as the next theme. Questions quite naturally focus on non-performing loans. Accusations of cosmetic adjusting echo around the institutions. The reported level of NPLs is 18% of loans. However if you add those to the write-offs the figure is still up in the region of 40%.
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