The ongoing financial problems at the Small and Medium Enterprise Development Bank of Thailand (SME Bank) and the Islamic Bank of Thailand (IBank) have prompted a rethink by the Finance Ministry of its supervisory and surveillance procedures for state-run specialised banks.
People queue to use an ATM at the Islamic Bank’s head office in Bangkok last week. The Finance Ministry is struggling to supervise ailing state banks. PATTARACHAI PEECHAPANICH
Policymakers say greater transparency and a refocus on the original intent of state-run specialised banks will be the main priorities in the restructuring.
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