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Saturday, March 25, 2023

Banks still discussing JV-AMC feasibility

Several in talks with potential partners

Banks remain interested in setting up joint venture asset management companies (JV-AMCs) as an option to manage their non-performing loans (NPLs).

TMBThanachart Bank (ttb) chief executive Piti Tantakasem said the bank is discussing the formation of a JV-AMC with some potential partners.

The bank did not set a time frame for a decision on the venture, he said.

For bad debt collection, ttb classifies NPL customers into three groups based on their customer profiles.

The bank manages its NPL clients that are willing to collaborate on debt restructuring directly, said Mr Piti.

However, the bank does not possess a great deal of expertise in terms of debt collection for some loan segments and plans to sell this debt…

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