Increase in distressed debts provides buying opportunity
SET-listed Bangkok Commercial Asset Management Plc (BAM) expects sales of non-performing loans (NPLs) to reach 100 billion baht by 2024, in line with rising distressed debts.
NPLs in the banking industry total roughly 500 billion baht, while special mention (SM) loans, defined as loans overdue from 30 to 90 days, total nearly 1 trillion baht, said the company.
Given the expiration of…
