OPINION

Banks teetering on brink over rice scheme

News, Veera Prateepchaikul, Published on 25/02/2013

» The state-owned SME and Islamic banks are struggling to survive after having to shore up huge non-performing loans (NPLs) from careless lending by their managements, especially to their friends and political bosses. The two banks have combined NPLs of a staggering 70 billion baht, or 30% of 210 billion baht in loans extended.