Thailand cAsset warehouse idea to win BoT nod

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(the Bangkok Post)

The Bank of Thailand has approved in principle commercial banks setting up a bank-owned asset warehouse to freeze non-performing assets (NPAs) in the hospitality sector, according to a banking industry source.

The NPAs would mostly be classified as property assets, such as hotels and serviced apartments, because the hospitality sector has been slammed by the pandemic, according to the source who requested anonymity.

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