SME Bank told to fix lending procedures | Bangkok Post: business

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SME Bank told to fix lending procedures

Central bank points to corruption loopholes

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Bank of Thailand has suggested the Small and Medium Enterprise Development Bank of Thailand (SME Bank) close off loopholes that could enable corrupt loans. 

SME Bank has been under investigation over loans approved under past executives, including former president Soros Sakornvisava.

The state-owned bank is also being probed for falsified accounts, which a central bank audit highlighted as a main cause for non-performing loans (NPLs).

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