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
All posts byThaiVest Editorial Team
Leave a reply
You Might Also Like
Thailand Retirement Ranking Improving
Joe MillerDecember 5, 2022
To see the Thailand Retirement Ranking improving delighted the Thai Prime Minister Prayut Chan-o-cha said government spokesman Anucha Burapachaisri. In...
Thai Stock Market Analysis May 9, 2022: How Much Lower Will the the SET fall?
Joe MillerMay 9, 2022
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...
Thailand Economic Recovery Dwindling
Joe MillerDecember 7, 2020
Exports Decline Across the Board Merchandise exports in Thailand based on balance on payments contracted by 5.6% year-on-year in October...