Do state Specialised Financial Institutions really work?
Deunden Nikomborirak Since the 1997 Asian financial crisis, the Thai state-owned specialised financial institutions (SFIs) have gone through a remarkable expansion. Their share of outstanding loans (consumer and business borrowing) jumped from a mere 13% in 1998, to a whopping 33% in the second quarter of 2013. In 2012, half of the total value of loans […]