Business Services Industry
Thai Banking Giant Faces Shortfall in Liquidity.
Knight Ridder/Tribune Business News, October, 2001
By Darana Chudasri, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Oct. 8--Krung Thai Bank plans to issue negotiable certificates of deposit to supplement the bank's funding base, given projections that it will face a liquidity shortfall of 10 billion to 20 billion baht by next month, according to bank president Viroj Nualkhair.
Excess liquidity has already halved to 80 billion baht.
Mr Viroj said if lending plans remained on track, the bank's liquidity position would turn negative by next month.
Since Mr Viroj was appointed president in July, Krung Thai has doubled its lending target for the year to 100 billion baht, in line with the government's policy to have the bank take a leading role in boosting the economy....
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