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Tuesday, November 18, 1997 Published at 08:52 GMT
World: Far East
Thai bank profits collapse
Thailand's biggest bank, the Bangkok Bank, has announced that its profits for the third quarter of this year have fallen by almost a-half, to seventy-five million dollars just under three billion baht.
Correspondents say the Bangkok Bank -- like most others in Thailand -- is saddled with bad debts.
They say the banking sector has been among the most serious casualties of Thailand's current economic crisis, and almost all banks can expect bad results for at least the next two quarters.
From the newsroom of the BBC World Service
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