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Article: BOT eases rules further for financial institutions, NATION
- Article from:
- The Nation (Thailand)
- Article date:
- January 31, 2002
- Author:
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The Bank of Thailand (BOT) has relaxed rules further by granting financial
institutions the right to hold common and preferred shares of debtors,
either exceeding 20 per cent of capital funds or 10 per cent of total
issued
shares of each debtor, until the end of this year.
The one year extension was to encourage the restructuring of bad
loans
- a problem damaging the country's financial institutions - a central
bank
statement said.
Local commercial banks, foreign banks that have branches in Thailand,
and Bangkok International Banking Facilities offices can enjoy the
extended
period.
The statement said that the holding could include shares of other
firms repaid by ...