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Thailand: relative calm seems to have returned to the Thai banking sector. |
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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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