28 August 1998
THE Thai Farmers Bank has said it plans to raise capital through an issue of a million preferred shares. It will issue up to $3bn worth of debentures.
The bank said in a statement to the Stock Exchange of Thailand that its board of directors had approved an increase in the banks registered capital from Bt13bn to Bt13.6bn ($325m).
- Thai Farmers Bank profit nose-dives, FWi, 22 April, 1998
- Financial Times 28/08/98 page 21 (News Digest)