He Saw The Crisis Coming But It Didn't Help

Banthoon's Thai Farmers Bank is still in a severe crunch

Ask Banthoon Lamsam about Thailand's banks, and you see why he's such a controversial figure. The 45-year-old president of Thai Farmers Bank, the country's second-largest private bank, Banthoon isn't shy about pointing out the failings of Thai bankers--himself included. For instance, 30% of his loans are nonperforming, and that will rise to 40% by mid-1999. So how does that compare with other banks? "I don't know," he says. "I don't know who is telling the truth."

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