Jump to content

News Forum - Thai banks’ loan jitters: ITD woes prompt provision provisions


Thaiger
 Share

Recommended Posts

Two major Thai banks, Siam Commercial Bank (SCB) and Krungthai Bank (KTB), have set aside provisions for possible loan losses related to Italian-Thai Development Plc (ITD), one of the nation’s foremost contractors. Provisions have been determined using a forward-looking expected credit loss (ECL) framework, according to Arthid Nanthawithaya, chief executive of SCB X, SCB’s holding … …

The story Thai banks’ loan jitters: ITD woes prompt provision provisions as seen on Thaiger News.

Read the full story

Link to comment
Share on other sites

I hope they have set aside enough! There is a LOT of money likely to be down the tubes here.

Link to comment
Share on other sites

I wonder how much of ITD's current work is bonded.  The size of projects they bid on are not normally backed with just a handshake.

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Join Thaiger Talk Today!

    Sign up in 30 seconds and join the discussion on everything Thailand!

  • Latest Posts

    1. 22

      The Olympics' Leaves Me Cold = No Interest In It At All

    2. 29

      Life in the Isaan Boonies.

    3. 29

      Life in the Isaan Boonies.

    4. 29

      Life in the Isaan Boonies.

    5. 29

      Life in the Isaan Boonies.

  • New Topics

  • Tell a friend

    Love Thaiger Talk? Tell a friend!
×
×
  • Create New...

Important Information

By posting on Thaiger Talk you agree to the Terms of Use