Three Thai banks clarify roles in Dubai World investments
In a bid to ease concern over impacts of the debt crisis facing state-operated Dubai World on its performance, three domestic commercial banks on Tuesday admitted they had financially supported companies under the umbrella of the giant corporation, but in quite small amounts compared to their assets.
Bangkok Bank (BBL) Executive Chairman Kosit Punpiumrat said the bank loaned US$50 million (about Bt 1.67 billion) to the Dubai World Group Finance Co. (More …)





