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Thursday, March 15 6:09 PM SGT Thai Govt To Raise Small Indus Fin Corp Capital By THB5B BANGKOK (Dow Jones)--The Thai Finance Ministry said Thursday it plans to increase the capital of state-run Small Industrial Finance Corp. by 5 billion baht (1$=THB43.554) to support the bank`s new role in lending to small- and medium-sized enterprises. Finance Ministry Permanent Secretary Somchainuek Engtragul told reporters that the ministry will soon raise the THB5 billion capital for SIFC, but didn`t provide a timeframe. Finance Minister Somkid Jatusripitak told reporters late Wednesday that the government will upgrade SIFC to extend more loans to support small and medium enterprises instead of setting up a new bank as previously planned. Somchainuek added that the ministry will also transfer SIFC`s nonperforming loans worth THB900 million to Thai Asset Management Corp., the government`s new asset management company, to reduce the current debt burden of SIFC. -0- 15/03/01 10-09G |
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| aus der Diskussion: | Waste or make money in Thailand |
| Autor (Datum des Eintrages): | BodyG (15.03.01 17:58:48) |
| Beitrag: | 542 von 611 (ID:3109254) |
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