Asset warehouse scheme predicted in 2 months

The asset warehousing programme is expected to be implemented in the next two months amid calls urging the Bank of Thailand to expand the assistance scope to cover low-cost airlines, says the Thai Bankers’ Association (TBA).

The TBA completed the asset warehousing programme framework after discussions with commercial bank members. Under the programme, a commercial bank would manage its own debt collateral assets, said TBA chairman Payong Srivanich.

The Bangkok Post reported earlier the asset warehousing programme in principle allows business operators to suspend debt repayment and transfer property assets, as loan collateral, to their creditors temporarily within a specific time frame.

Business operators would then be allowed to either lease these frozen assets from the creditors to continue their business operations or let the creditors manage the frozen…