Not really a surprise, but a concerning report nevertheless.
S&P downgrade of top Thai banks raises new questions of regulatory forbearance and financial transparency in the Covid-wracked kingdom
https://asiatimes.com/2022/04/thailands ... hey-claim/
Thailands banks not as healthy as they claim
Thailands banks not as healthy as they claim
Talk is cheap
Re: Thailands banks not as healthy as they claim
Hardly surprising considering the billions of baht in non-performing loans they have.
Yet they're still lending money out like it grows on trees ... oh yeah, it does!
Yet they're still lending money out like it grows on trees ... oh yeah, it does!
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: Thailands banks not as healthy as they claim
Except the new 20 baht notes.buksida wrote:Hardly surprising considering the billions of baht in non-performing loans they have.
Yet they're still lending money out like it grows on trees ... oh yeah, it does!
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handdrummer
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Re: Thailands banks not as healthy as they claim
When the house of cards comes tumbling down, only the wealthy and farangs with offshore income will be able to live well. Will they need us then?
Re: Thailands banks not as healthy as they claim
If that happens, they will need us even more.handdrummer wrote: ↑Wed Apr 06, 2022 4:53 pm When the house of cards comes tumbling down, only the wealthy and farangs with offshore income will be able to live well. Will they need us then?
Talk is cheap