EXIM Thailand and Baker Tilly Launch 8.7-billion-baht NPLs Auction

ข่าวทั่วไป Thursday September 6, 2007 15:52 —PRESS RELEASE LOCAL

Bangkok--6 Sep--EXIM Thailand EXIM Thailand and Baker Tilly commence the auction process of the Bank’s 8.7-billion-baht NPLs portfolio. Interested Thai and overseas investors are invited to register to participate in the auction by September 14, 2007 while the bidding process is scheduled for completion this November. Dr. Apichai Boontherawara, President of Export-Import Bank of Thailand (EXIM Thailand), said that the Bank with the support of Baker Tilly Corporate Advisory Services (Thailand) Limited (Baker Tilly), appointed in May 2007 as independent financial advisor for the divesting of the Bank’s non-performing loans (NPLs) portfolio, is ready to start the auction process of the Bank’s 8.7 billion-baht NPLs portfolio, 80% of which are secured debts. Interested investors can acquire preliminary information and registration forms from now until September 14, 2007. Bid submission is scheduled for October 29, 2007 and the announcement of successful bidders on November 5, 2007. To obtain registration forms, please contact EXIM Thailand at 0 2617 2111 ext. 1906 or Baker Tilly at 0 2679 5400. EXIM Thailand President added that the announcement marked an excellent cooperation between EXIM Thailand and Baker Tilly which has extensive experience in facilitating and managing the NPLs sale procedures. Baker Tilly’s long-standing expertise will help to ensure the efficiency of the investors’ information review process. “This is part of the Bank’s efforts in solving our NPLs problem. The Bank is also proactively improving its loan quality and preventing new NPLs by establishing the Credit Analysis Department since the middle of this year. It is anticipated that the new credit analysis team will play a key role in safeguarding the Bank against new NPLs in the future,” added Dr. Apichai. For further information, please contact Public Relations Division, Office of Top Management Tel. 0 2271 3700, 0 2278 0047, 0 2617 2111 ext. 1140-6

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