Local bankers hold out little hope of recovering billions of baht worth of loans made to the defunct rice exporter President Agri Trading. Nine banks have filed claims with the Legal Execution Department after the Bankruptcy Court earlier this month placed assets of the company and its managing director, Apichart Chansakulporn, into receivership. The court order took effect on Jan 12. Bank claims against President Agri are: Bt2.2b to TMB Bank, Bt2b to Krung Thai Bank, Bt1.7b to CIMB Thai, Bt1.4b to Bangkok Bank, Bt1b to HSBC Thailand, Bt580m to United Overseas Bank (Thai), Bt220m to the Islamic Bank of Thailand, Bt140m to Kasikornbank and Bt29m to ACL Bank.
President Agri debt at dead end
ThaiVest Editorial TeamJanuary 25, 2010
the authorThaiVest Editorial Team
The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
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