Tick, tick, tick
Article Abstract:
The Thai finance industry has been affected by the aftermath of a bull market in the early 1990s. Loans were granted to investors seeking to purchase shares. The market has fallen and bad debts have increased. Companies under pressure may be pushed out of the industry, be taken over or have to merge. The government is seeking to encourage consolidation in the industry, which has over 50 listed firms. The Bank of Thailand is not seen as likely to allow finance companies to fail, but is likely to encourage mergers in the sector.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Follow the money: Thai finance companies aim for the banking business
Article Abstract:
Thailand's banks, investment banks, and other finance companies face a series of tough challenges thanks to deregulation, more foreign competition, and a required separation of securities from finance business. Several top finance groups, notably Finance One, Thailand's largest, plan to buy banks for their distribution networks, access to syndicated loans, and liquidity. Finance One president Pin Chakkaphak wants to buy Bank of Asia, probably at a cost of 10 billion baht but still cheaper than launching a new bank.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Spreading the wealth
Article Abstract:
Thailand plans to introduce more competition and efficiency to its banking sector by issuing licenses for up to five new domestic banks and letting five to seven of the present 14 foreign banks open full-service branches. The 15 existing commercial banks should do well, say experts, as they have time and room to adjust, with a great deal of demand present for all levels of banking services. New banks must have 7.5 billion baht in initial capital, and their core shareholders may hold no more than 25% of the shares.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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