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  • Tom 7:39 pm on January 26, 2010 Permalink
    Tags: assets, Bangkok Bank, , Bank of Ayudhya, , debt crisis, , Dubai World Group, , hotel project, housing project, , , , Siam Commercial Bank   

    Three Thai banks clarify roles in Dubai World investments 

    Dubai World investments

    In a bid to ease concern over impacts of the debt crisis facing state-operated Dubai World on its performance, three domestic commercial banks on Tuesday admitted they had financially supported companies under the umbrella of the giant corporation, but in quite small amounts compared to their assets.

    Bangkok Bank (BBL) Executive Chairman Kosit Punpiumrat said the bank loaned US$50 million (about Bt 1.67 billion) to the Dubai World Group Finance Co. (More …)

  • Tom 1:59 pm on November 28, 2009 Permalink
    Tags: , , , debts, despite, , , , , Home Loan, interest rate, , loan leasing, , , Non Performing Loans, NPL, NPLs, , real estate, real estate entrepreneurs, , Siam Commercial Bank   

    Real estate value to rise by 6%-10% in 2010 

    Real estate

    The Siam Commercial Bank (SCB) will organize SCB Home Loan Expo 2009 in response to the expected increasing price of real estate in 2010 by 6%-10%.

    Siam Commercial Bank EVP Rungruang Sukkirdkijpiboon said that the price of real estate in 2010 was likely to climb more than usual by 6%-10% per year, as influenced by the project postponement from the real estate entrepreneurs, especially from small entrepreneurs. He forecast that the real estate’s interest rate would continue to go up, adding that the expired projects would not get the renewal of its contract which resulted in the increasing construction material prices. According to this, the price of real estate would rise in the same direction by next year. (More …)

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