SAM seeks partners for joint venture AMC

Published by
The Bangkok Post

Sukhumvit Asset Management (SAM) Co wants to join with banks to set up a joint venture asset management company (AMC) to buy non-performing loans (NPLs) in the banking industry. SAM, the country’s second largest AMC, has been in talks with both commercial banks and specialised financial institutions about a possible partnership to establish a joint venture AMC to manage bad debts in the banking sector, in line with the rising NPL trend. Distressed debts are expected to increase significantly in 2023 after the Bank of Thailand’s debt restructuring measures expire at the end of 2022, said SAM pr…

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