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Limited Dubai impact on Thai banks



Kasikornbank announced today that it had loaned no money for investment in Dubai.

 

Bank of Ayudhya today announced it extended $25 million (Bt837.5 million) to Dubai World Group Finance, a unit of financially-ailing Dubai World.

The borrower made last payment interest in October and the next payment is due on January 21. The borrower is to repay all in June 2010, the bank said.



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