In today’s briefing:
- Thai Credit Bank Pre-IPO – The Negatives – Although NPLs Are Rising, and Market Seems Fragmented
Thai Credit Bank Pre-IPO – The Negatives – Although NPLs Are Rising, and Market Seems Fragmented
- Thai Credit Bank PCL (3674238Z TB) is looking to raise US$300m from its upcoming Thailand IPO via selling a mix of primary and secondary shares in its Thailand IPO.
- TCB is a commercial bank that focuses on providing business loans to small and medium-size enterprises (SMEs), nano loans and micro credits to merchants, and home loans for individual customers.
- In this note, we will talk about the not so positive aspects of the deal.
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