EXIM Thailand sells NPLs to SAM

Export-Import Bank of Thailand (EXIM Thailand) sold its non-performing loans (NPLs) portfolio totaling Bt8.2 billion to Sukhumvit Asset Management (SAM), cutting down its NPLs to 4.50 per cent of total loans and accrued interest receivables.

As a result, the bank expects to achieve its net profit goal of Bt480 million baht for this year. Both entered into the agreement on Wednesday.

-The Nation

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