Just now, ICELANDMAN said:

 

The banks will never lower their prices only if the building falls into disrepair because they have to write in their books the loss of their inability to value the customer.

True

plus the banks can keep all of these buildings in their books

as an asset witht a largely overpriced price, that gives a better picture

about the numbers at the end, even if it's a false one (But everybody know what is

important in Thailand is what you let see, and not what the reality is)

also good numbers in the bank books = good bonuses for all the staffs at the end of the year

this way everybody is happy (At least untill the sh...t hit the fan, like it was for Thai airways)

27 minutes ago, kingofthemountain said:

True

plus the banks can keep all of these buildings in their books

as an asset witht a largely overpriced price, that gives a better picture

about the numbers at the end, even if it's a false one (But everybody know what is

important in Thailand is what you let see, and not what the reality is)

also good numbers in the bank books = good bonuses for all the staffs at the end of the year

this way everybody is happy (At least untill the sh...t hit the fan, like it was for Thai airways)

Is there no third party in Thailand that audits the banks and verifies their assets are valued at market/cash prices? Is there a superintend of financial organizations that audits banks?

17 minutes ago, Banana7 said:

Is there no third party in Thailand that audits the banks and verifies their assets are valued at market/cash prices? Is there a superintend of financial organizations that audits banks?

On the paper yes it's one of the role of Bank Of Thailand

in the reality everybody knows how the system works 

and nobody want to have a big lost of face for a lot of people

most of them very high in the hierarchy and with very high relationships

plus opening a financial can of worns it's always a risky move

On 1/17/2021 at 4:22 PM, kingofthemountain said:

On the paper yes it's one of the role of Bank Of Thailand

in the reality everybody knows how the system works 

and nobody want to have a big lost of face for a lot of people

most of them very high in the hierarchy and with very high relationships

plus opening a financial can of worns it's always a risky move

How the system work? Please let me know

2 hours ago, stupidfarang said:

How the system work? Please let me know

 

He already told, at the beginning of this page.