SME Bank close to achieving rehab release
State-owned lender expected out by June
- 20 Apr 2017 at 04:00
- WRITER: CHATRUDEE THEPARAT
An SME Bank branch in Bangkok. The state-owned bank has improved its operations and reduced its non-performing loans. THITI WANNAMONTHA
The state-owned Small and Medium Enterprise Development Bank of Thailand (SME Bank) is expected to exit its rehabilitation plan by June, thanks to improving operating performance and lower non-performing loans.
Ekniti Nitithanprapas, director-general of the State Enterprise Policy Office, said SME Bank's operating performance has lived up to the requirements set by the State Enterprises Policy Commission (superboard).
According to the requirements of the superboard, the bank can be removed from the list of ailing state enterprises if it manages to lower its NPLs to below 18 billion baht and less than 5% of its new loans turn sour.
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